Corruption in Malaysia

According to a 2013 public survey in Malaysia by Transparency International, a majority of the surveyed households perceived Malaysian political parties to be highly corrupt. A quarter of the surveyed households consider the government's efforts in the fight against corruption to be ineffective. Corruption in Malaysia generally involves political connections still playing an important role in the outcome of public tenders.

Business executives surveyed in the World Economic Forum's Global Competitiveness Report 2013-2014 reveal that unethical behaviours of companies constitute a disadvantage for doing business in Malaysia. Government contracts are sometimes awarded to well-connected companies, and the policies of awarding huge infrastructure projects to selected Bumiputera companies without open tender continue to exist.

In February 2016, Malaysia has made an appearance in Time Magazine with the dubious distinction of being among a list of five countries whose corruption scandals are being highlighted. The magazine zoomed in on the 1Malaysia Development Berhad scandal (1MDB) and Prime Minister Najib Razak's corruption.

On 28 July 2020, Najib was convicted on seven counts of abuse of power, money laundering and criminal breach of trust by a Malaysian High Court in relation to the 1MDB scandal. He was sentenced to 12 years' imprisonment and fined RM210 million.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.