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Asia's four lessons from 1MDB

26 Sep 2018

Malaysia's 1MDB scandal has all the hallmarks of a Hollywood thriller, starring Low Taek Jho, the fugitive financier alleged to have pulled off the heist of the century.

A friend of movie stars and supercar enthusiast, Low is said to have played a role in helping to defraud the state-backed investment group of at least $4.5 billion over a six-year period ending in 2015, according to allegations from the U.S. Department of Justice.

The scale of the Low's chutzpah has been underlined by the publication of a new book, "Billion Dollar Whale." Released last week by Wall Street Journal writers Bradley Hope and Tom Wright, it has done much to bring to light the extraordinary details of Asia's largest financial scandal.

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James Crabtree

Associate Professor in Practice