NEWS

Fissures appear in Umno as crisis deepens

Bridget Welsh

Published
Modified 10 Jul 2015, 3:25 am

COMMENT As Prime Minister and Finance Minister Najib Razak faces explosive allegations of embezzlement, corruption and electoral manipulation that go to the very core of his leadership and the legitimacy of his government, the country is plunged into yet another crisis.

Sadly crises have become common developments of the Najib government, whose responses to 1MDB even before the revelations by The Wall Street Journal (WSJ) brought to the fore questions of economic mismanagement which has undermined the reputation of the Malaysia's financial institutions.

For many, the issue at hand is what Najib will do - he has already done serious damage to the country and unfortunately every day he stays in office, his leadership negatively affects the country's reputation. Not only is Malaysia's international credibility is on the line, its currency, access to foreign capital and future economic prosperity are at risk.

Unlike his father, Malaysia's second premier Abdul Razak Hussien, Najib has apparently chosen to put himself first rather than the country. During his tenure, Najib has distinguished himself from Dr Mahathir Mohamad in his effectiveness in using the country's political institutions to strengthen his personal position. He has indeed taken the office of the prime minister to a new low...

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