ISSN: 2222-6990
Open access
In contrast to the Part I that is comprised of three areas, the current Part II of the case study on 1MDB’s corporate governance going berserk? dwells on two areas: either fraud or something else to explain the 1MDB’s quagmire; and, decision time for case readers. When it concerns the former, it comes in a total of seven parts with the first four on arguments used to explain away the debilitating goings on in the 1MDB whereas the next one on fraud perpetration being the outright explanation. As for the last two parts, the penultimate one is concerned with the Public Account Committee (PAC) report on 1MDB and the last on Clause 117 of the 1MDB's memorandum and articles of association (M&A). As for the latter section on decision time which is also the very last section of the whole of the case study combining Part I and Part II, its first half is concerned with the choice of a stance that readers of the case study can take in explaining the goings on in 1MDB. Assuming that fraud is the stance taken, the section in its second half gives focus on a series of questions which readers may give attempt to answer.
1MDB a small issue involving one firm, says Treasury. (2015, May 19). The Malaysian Insider. Retrieved from https://www.theedgemarkets.com/article/1mdb-small-issue-involving-one-firm-says-treasury
1MDB unsustainable from the start, minister admits to CNBC. (2016, April 4). Malaysiakini. Retrieved from https://www.malaysiakini.com/news/336386
1MDB: Abandon ship – Sir Wenger J. Khairy. (2015, March 5). The Malaysian Insider. Retrieved from http://www.themalaysianinsider.com/sideviews/article/1mdb-abandon-ship-sir-wenger-j.-khairy
1MDB’s problems no small matter, DAP tells Treasury man. (2015, March 20). The Malaysian Insider. Retrieved from https://www.theedgemarkets.com/article/1mdb%E2%80%99s-problems-no-small-matter-dap-tells-treasury-man
Ahmad Naqib, I. (2016a, April 12). PM Najib: 1MDB's 'real legacy' seen in TRX, Bandar Malaysia. Retrieved from https://www.theedgemarkets.com/node/271796
Ahmad Naqib, I. (2016b, April 27). 1MDB's Arul: I never admitted there was fraud. Retrieved from https://www.theedgemarkets.com/article/1mdbs-arul-i-never-admitted-there-was-fraud
Ahmad Naqib, I. (2016c, April 7). Najib must be held accountable for 1MDB, says Tony Pua. Retrieved from https://www.theedgemarkets.com/article/najib-must-be-held-accountable-1mdb-says-tony-pua
Ahmad Naqib, I. (2016d, April 7). PAC and AG's 1MDB finding 'confirms gross mismanagement' - Tony Pua. Retrieved from https://www.theedgemarkets.com/article/pac-and-ags-1mdb-finding-confirms-gross-mismanagement-tony-pua
Ahmad Naqib, I. (2016e, April 7). PAC deputy chair urges MPs to take action against 1MDB's management. Retrieved from https://www.theedgemarkets.com/article/pac-deputy-chair-urges-mps-take-action-against-1mdbs-management
Alyaa, A. (2016a, April 15). Resign for 'stupid' signing of 1MDB docs without reading, Dr M tells Najib. Malaysiakini. Retrieved from https://www.malaysiakini.com/news/337898
Alyaa, A. (2016b, August 21). From squatter boy to minister, Johari thanks Dr M but is loyal to Najib. Malaysiakini. Retrieved from https://www.malaysiakini.com/news/353107
Alyaa, A. (2016c, January 1). ‘1MDB’s mismanagement still unaddressed’. Malaysiakini. Retrieved from https://www.malaysiakini.com/news/325180
Amarthalingam, S. (2016, July 21). PM can no longer hide in silence about 1MDB, says Azmin. Retrieved from https://www.theedgemarkets.com/article/pm-can-no-longer-hide-silence-about-1mdb-says-azmin
Anisah, S. (2015a, March 9). Enough proof to charge Jho Low, Najib and ex-1MDB chief, says PKR. The Malaysian Insider. Retrieved from https://www.theedgemarkets.com/article/enough-proof-charge-jho-low-najib-and-ex-1mdb-chief-says-pkr
Anisah, S. (2015b, May 27). No more delays, PAC warns 1MDB's Arul Kanda. The Malaysian Insider. Retrieved from https://www.theedgemarkets.com/article/no-more-delays-pac-warns-arul-kanda
Azham, A., Roszaini, H., & Muhammad Hudaib. (2006). Episodes in the Malaysian auditing saga. Managerial Auditing Journal, 21(7), 684-701.
Azham, M.A. (1999). Political Economy of External Audit in Malaysia, 1957-1997, Sintok: Universiti Utara Malaysia Press.
Azham, M.A. (2007). Accounting in Malaysia in the post-New Economic Policy (NEP) era. Issues in Social and Environmental Accounting, 1(1), 109-148.
Azham, M.A. (2009). The New Economic Policy and the accounting profession in Malaysia: A case of a misfit. Indonesian Management and Accounting Research, 8(1), 47-89.
Azham, M.A. (2013). Phantasmagoric accounting in Malaysia: A case study of “the triumph of hope over experience”? International Journal of Accounting and Financial Reporting, 3(2), 12-68.
Azham, M.A. (2014a). Ethnicity, foreign investments and strong pragmatic government: Towards interpreting accounting progress in Malaysia. Journal of Public Administration and Governance, 4(3), 245-336.
Azham, M.A. (2014b). Politics and audit in Malaysia. Journal of Public Administration and Governance, 4(4), 29-66.
Azham, M.A. (2018). IMD
In-Text Citation: (Ali, 2019) To Cite this Article: Ali, A. M. (2019). 1MDB: Corporate Governance Going Berserk? Part II. International Journal of Academic Research in Business and Social Sciences, 9(3), 945–1004.
Copyright: © 2019 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode