Surveying the 1MDB wreckage

The 1Malaysia Development Berhad scandal has raised investors' concerns and left Malaysia with what one fund manager describes as “astronomical” reputational risk. As the scandal at the state fund rumbles on and international authorities probe allegations of corruption, investors are assessing the damage done to Malaysia's reputation with foreign investors. Sadly, the authorities have not shown much determination to put an end to the debacle. Last week 1MDB’s board of directors wa…