Video starts at 14.40
Recently The Wall Street Journal reported that nearly $700m from sovereign wealth fund 1Malaysia Development (1MDB) was deposited into the Prime Minister Najab Razak’s personal bank account.
For his part, the Prime Minister denies any wrongdoing. But 1MDB already has its own problems. It is currently sinking under a debt load of $11.6bn, and because of that the credit ratings agency Fitch has threatened to slash the debt rating for the whole of Malaysia, not just the fund.
Kamahl Santamaria spoke to Wan Saiful Wan Jan, the chief executive of the Institute for Democracy and Economic Affairs about the scandal and why there are calls for Prime Minister Najab Razak to resign over it.