Inside the Billion Dollar Whale Scandal: 2020 Shorenstein Journalism Award Recipient Tom Wright to Headline Award Panel Discussion
The $7 billion 1Malaysia Development Bhd (1MDB) scandal, one of the largest-ever financial frauds, exposed the depths of corruption in global markets. The story starts in Malaysia, but a raft of institutions from Goldman Sachs to Big Four auditors and Manhattan lawyers enabled the graft. Five years after the story came to light, almost no one has gone to jail. What’s in store for the main players, how can our justice system ensure history does not repeat itself, and how do political actors shape the trajectories of anticorruption efforts in Asia?
Tom Wright, winner of the 2020 Shorenstein Journalism Award, addresses these questions and more in his keynote address.
Wright is the coauthor of the New York Times bestseller Billion Dollar Whale, which unravels the story of one of the world's greatest financial scandals involving the multibillion-dollar looting of the Malaysian sovereign wealth fund 1MDB. Wright’s work sparked investigations by law enforcement and regulators in multiple countries and outrage in Malaysia, where the ruling coalition, after 61 years in power, suffered a landslide defeat in a shocking 2018 election.
The keynote will be followed by a guided interview with the award winner led by Meredith Weiss, Professor and Chair of Political Science at the Rockefeller College of Public Affairs and Policy, University at Albany, SUNY.
The event will conclude with an audience Q&A session moderated by Donald K. Emmerson, Director of the Southeast Asia Program at the Walter H. Shorenstein Asia-Pacific Research Center.
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