On this segment from the latest episode of Patriot Act, Hasan examines the 1MDB sovereign wealth fund scandal in Malaysia, in which former prime minister Najib Razak has been accused of funneling millions of dollars from the country into his personal bank accounts. Traditionally used as a means of economic diversification by countries reliant on a single industry, sovereign wealth funds have come under scrutiny as financial organizations like Goldman Sachs and corrupt politicians have taken advantage of these large, mostly unregulated pools of money for their own gain. While Goldman Sachs continues to profit off of sovereign wealth funds in other countries, the bank is currently being investigated for its role in the 1MDB scandal, which could have lasting implications on the world of finance.
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On this segment from the latest episode of Patriot Act, Hasan examines the 1MDB sovereign wealth fund scandal in Malaysia, in which former prime minister Najib Razak has been accused of funneling millions of dollars from the country into his personal bank accounts. Traditionally used as a means of economic diversification by countries reliant on a single industry, sovereign wealth funds have come under scrutiny as financial organizations like Goldman Sachs and corrupt politicians have taken advantage of these large, mostly unregulated pools of money for their own gain. While Goldman Sachs continues to profit off of sovereign wealth funds in other countries, the bank is currently being investigated for its role in the 1MDB scandal, which could have lasting implications on the world of finance. Watch Patriot Act with Hasan Minhaj on Netflix: https://www.netflix.com/title/80239931 #Netflix #PatriotAct #HasanMinhaj Subscribe: https://bit.ly/2OHQXpO About Patriot Act with Hasan Minhaj: New episodes, new topics, every Sunday - only on Netflix. Hasan Minhaj brings an incisive and nuanced perspective to global news, politics, and culture in his unique comedy series. Subscribe to the Patriot Act channel now to stay up to date with episode clips and original content from Hasan and the Patriot Act team. About Netflix: Netflix is the world's leading internet entertainment service with over 148 million paid memberships in over 190 countries enjoying TV series, documentaries and feature films across a wide variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments. Connect with Patriot Act with Hasan Minhaj Online: Visit Patriot Act with Hasan Minhaj WEBSITE: https://bit.ly/2JbZISS Like Patriot Act with Hasan Minhaj on FACEBOOK: https://bit.ly/2R5RAWY Follow Patriot Act with Hasan Minhaj on TWITTER: https://bit.ly/2CWqPkN Follow Patriot Act with Hasan Minhaj on INSTAGRAM: https://bit.ly/2OH80Ir