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As Brazil grapples with an earth-shaking corruption scandal, a look at the state of global honesty
You can learn a lot about a country’s politics by looking closely at its corruption scandals. Who is investigating whom? What do the investigators really hope to achieve? And what do the investigations tell us about the country’s true balance of power? These five facts offer examples and answers.
1. Brazil
Brazil’s Car Wash corruption scandal, on the verge of bringing down a president, centers on Petrobras, the state-run oil giant.
You can learn a lot about a country’s politics by looking closely at its corruption scandals. Who is investigating whom? What do the investigators really hope to achieve? And what do the investigations tell us about the country’s true balance of power? These five facts offer examples and answers.
1. Brazil
Brazil’s Car Wash corruption scandal, on the verge of bringing down a president, centers on Petrobras, the state-run oil giant.
approval rating of just 21.8%, 55.6% of Brazilians want to see her impeached.
Tensions boiled over this weekend, and some 3 million Brazilians took to the streets.
This type of social unrest would be a worrying sign for the country’s economy
Brazilian stock market surged 18% on news of Lula’s detention
and speculation that Rousseff might finally be impeached
2. Malaysia
That’s not the case with Malaysia. In 2009, Malaysian Prime Minister Najib Razak established a sovereign wealth fund called 1Malaysia Development Berhad (1MDB) to help the country attract foreign investment and boost its economy. Long story short, by 2015, 1MDB owed investors $11 billion. As investigations of the state fund got underway, it was revealed that $681 million dollars had been deposited into Najib’s personal account. The prime minister copped to the money transfer, but claimed it was a “gift” from the Saudi royal family, about $620 million of which he says he has returned. Two weeks ago, the 1MDB investigation uncovered that the total routed into Najib’s personal account was actually about $1 billion.
Malaysia is a de facto one-party country. All of the country’s six post-independence prime ministers have come from the United Malays National Organization (UMNO). That’s why Najib owes his position to his party, not to the Malaysian people—good news for a man currently polling at 23 percent, the lowest ever for a Malaysian head of government. He has spent the last half-decade strengthening his position within UMNO, and the past year since the 1MDB scandal broke purging his party of potential adversaries. This past summer, Najib fired his attorney general, who had been leading the 1MDB investigation. Malaysia exemplifies how corruption drives can fall short in countries with a single political party and weak governing institutions.
Wow !! According to Time Magazine, Malaysia is at No. 2 spot among the world's most corrupt nations.
That’s not the case with Malaysia. In 2009, Malaysian Prime Minister Najib Razak established a sovereign wealth fund called 1Malaysia Development Berhad (1MDB) to help the country attract foreign investment and boost its economy. Long story short, by 2015, 1MDB owed investors $11 billion. As investigations of the state fund got underway, it was revealed that $681 million dollars had been deposited into Najib’s personal account. The prime minister copped to the money transfer, but claimed it was a “gift” from the Saudi royal family, about $620 million of which he says he has returned. Two weeks ago, the 1MDB investigation uncovered that the total routed into Najib’s personal account was actually about $1 billion.
Malaysia is a de facto one-party country. All of the country’s six post-independence prime ministers have come from the United Malays National Organization (UMNO). That’s why Najib owes his position to his party, not to the Malaysian people—good news for a man currently polling at 23 percent, the lowest ever for a Malaysian head of government. He has spent the last half-decade strengthening his position within UMNO, and the past year since the 1MDB scandal broke purging his party of potential adversaries. This past summer, Najib fired his attorney general, who had been leading the 1MDB investigation. Malaysia exemplifies how corruption drives can fall short in countries with a single political party and weak governing institutions.
Wow !! According to Time Magazine, Malaysia is at No. 2 spot among the world's most corrupt nations.
Syabas to the gomen and all their butt kissers.
Please work harder. Soon you will become No. 1 most corrupt nation in the world. Just who the hell do the Brazilians think they are? They dont deserve No. 1. It should be Malaysia. Hip hip Hooray !
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