Allegations of mismanagement at Felda, a royal commission of inquiry into Tabung Haji, and the so-called corporate mafia scandal involving the Malaysian Anti-Corruption Commission have each raised questions once again about how political power shapes Malaysia’s public institutions.
We examine why entrenched practices such as off-budget subsidiaries, weak procurement oversight and the absence of a political financing law persist, and what structural changes would actually be needed to break the link between politicians and the institutions they oversee.
To explain this, BFM talks to Edmund Terence Gomez, an emeritus professor of political economy at the University of Malaya and author of Minister of Finance Incorporated: Ownership and Control of Corporate Malaysia.
Presenter: Dashran Yohan
Producers: Alia Zefri and Dashran Yohan for BFM
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