One mightily damaging backstory: 1MDB

Published: July 29, 2020, 10:16 a.m.

b'Five years ago a $4.5bn hole in a development fund scrambled Malaysia\\u2019s politics. Now the inquiry has claimed its first scalp: that of Najib Razak, a former prime minister. We examine the grand shift of business to \\u201cshadow banks\\u201d\\u2014a more innovative, if less regulated, end of the industry. And we join a mushroom-picking expedition in China\\u2019s Yunnan province. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer


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