Fund while it lasted: the 1MDB scandal
Economist Podcasts
The Economist
4.3 • 5K Ratings
🗓️ 3 April 2019
⏱️ 21 minutes
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| 0:00.0 | Hello and welcome to the Intelligence on Economist Radio. |
| 0:06.7 | I'm your host, Jason Palmer. |
| 0:09.3 | Every weekday, we provide a fresh perspective on the events shaping your world. |
| 0:17.8 | Today, the former Prime Minister of Malaysia goes on trial. |
| 0:21.5 | Najib Razak is in the dock for his alleged involvement in a scandal that has outraged the country. |
| 0:26.9 | Billions of dollars have gone missing from a state-run development fund. |
| 0:30.9 | He denies all seven charges that he faces today in the first of several trials. |
| 0:37.1 | Scandals, though, take different forms, |
| 0:39.5 | from 1MDB's bilked billions |
| 0:41.4 | to Facebook's sloppy use of customer data |
| 0:44.0 | to Wells Fargo's millions of fraudulent accounts. |
| 0:47.5 | Now the spotlight has fallen on Purdue Pharma, |
| 0:50.1 | the maker of OxyContin. |
| 0:52.0 | Thousands of lawsuits have been filed against the company, |
| 0:55.0 | alleging that its business practices contributed to America's opioid crisis. |
| 0:59.0 | We take a look at what the scandals coming from American businesses seem to have in common. |
| 1:04.0 | And older TV viewers in China are scandalized, too, |
| 1:08.0 | about how a wildly popular soap opera depicts the realities of |
| 1:11.9 | adults' relationships with their elderly parents. |
| 1:17.5 | First up, though, |
| 1:22.3 | Najib Razak became Prime Minister of Malaysia in 2009, with a promise of political reform. |
| 1:29.4 | Early in his tenure, he began overseeing a national fund to pay for development projects |
... |
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