One year after 1MDB scandal, Najib takes Malaysia on ‘lurch toward dictatorship’
Giant video screens lining Malaysia’s ruling-party headquarters flash towering, 40-floor images of a smiling Prime Minister Najib Razak across a corner of the capital, a glaring reminder of who’s in charge.
One year after a financial scandal that would have toppled many leaders, Najib is standing taller than ever after smothering investigations, outmanoeuvring opponents, and bolstering his control with a pair of recent election wins.
But the political survival steps he has taken – which include assuming tough new powers and flirting with an Islamist party – are stoking fears for multi-ethnic Malaysia’s already fragile democracy and sectarian relations.
“He called himself a reformist, but has changed into an aspiring dictator,” said Ambiga Sreenevasan, a prominent lawyer and reform advocate. “What changed him, clearly, is 1MDB.”
Last July 2, The Wall Street Journal reported that Najib received a mysterious US$681 million payment, which capped months of allegations that billions were diverted from 1MDB (1Malaysia Development Berhad), an investment fund Najib founded.
Other revelations followed, including reports that Najib’s film-producer stepson used 1MDB-related funds to bankroll the Hollywood greedfest The Wolf of Wall Street, and for millions in luxury purchases.