"Investors today have a choice. They have vast choice. And Malaysia, even with everything else being equal, has a challenge, because we are a small economy, and we have strength but we also have this weakness that we are relatively small. I've always maintained Malaysia has to work harder, much harder than the bigger markets. And a situation like that… when investors see something like the 1MDB fiasco, and don't understand it, they are left to question whether Malaysia condones the weak governance practices that were evident, and [they] have questions about the big institutions. It makes it difficult for us to promote Malaysia"
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CIMB bank chairperson Nazir Razak (26 September 2016), 1MDB scandal is quite damaging, concedes Nazir
https://en.wikiquote.org/wiki/1MDB_scandal
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1MDB scandal
1Malaysia Development Berhad scandal, often referred to as the 1MDB scandal or just 1MDB, is an ongoing corruption, bribery and money laundering conspiracy in which the Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB) was systematically embezzled, with assets diverted globally by the perpetrators of the scheme. Although it began in 2009 in Malaysia, the scandal's global scope implicated institutions and individuals in politics, banking, and entertainment, and led to criminal i
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