08.01.2015 - Herculean task for new boss to revive 1MDB
First, 1Malaysia Development Berhad (1MDB) shouldn’t have been set up in the first place, as there are already too many of such government investment funds in this country. Second, 1MDB has gone in the opposite direction of its professed mission - not momentarily but consistently throughout its existence. This indicates that the motivating force of 1MDB is beyond the reach of its CEO, who has been changed frequently. Third, judging from the many negative reports and the many irrational major moves it has made, as well as its own audited reports, this body is stricken with pervasive mega corruption in addition to gross mismanagement...............................................Full Article: Source
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