Malaysia’s 1MDB fund raised $6,5 billion in bonds with reportedly $4 billion (about R60 billion) being looted and shared among those that set up the fund and the Prime Minister of Malaysia.

The story thankfully reveals that the scam was discovered and that many involved are facing the consequences, but it has left Malaysia with a debt of over $7 billion.

The lessons for South Africa include just how long it takes to prosecute cases like this and how sentences may not seem to fit the scale of the crime, it also shows that even if you do expose the corruption you may not get to prosecute everyone. 

Image credit: Siftography on 123rf.com

Malaysia&rsquo;s 1MDB fund raised $6,5 billion in bonds with reportedly $4 billion (about R60 billion) being looted and shared among those that set up the fund and the Prime Minister of Malaysia.
The story thankfully reveals that the scam was discovered and that many involved are facing the consequences, but it has left Malaysia with a debt of over $7 billion.
The lessons for South Africa include just how long it takes to prosecute cases like this and how sentences may not seem to fit the scale of the crime, it also shows that even if you do expose the corruption you may not get to prosecute everyone.&nbsp;
Image credit: <a href="https://www.123rf.com/photo_82070338_financial-fraud-concept-liar-businessman-with-dollar-cash.html">Siftography on 123rf.com</a>

The best disruptors are focused on customers, not products, they use technology rather than fear it, they create new opportunities often where regulations don't exist and they are backed by those with deep pockets and an appetite for risk.

Colin Cullis presents stories of Business Unusual - those people and companies driving the next industrial revolution. The associated articles and videos are available here

A guide to surviving the 4th industrial revolution.

Business Unusual

The best disruptors are focused on customers, not products, they use technology rather than fear it, they create new opportunities often where regulations don't exist and they are backed by those with deep pockets and an appetite for risk.

Colin Cullis presents stories of Business Unusual - those people and companies driving the next industrial revolution. The associated articles and videos are available here

The best disruptors are focused on customers, not products, they use technology rather than fear it, they create new opportunities often where regulations don't exist and they are backed by those with deep pockets and an appetite for risk.
Colin Cullis presents stories of Business Unusual - those people and companies driving the next industrial revolution. <a href="http://www.capetalk.co.za/features/110/business-unusual">The associated articles and videos are available here</a>

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