History has shown the U.S. can act too hastily and then be proven incorrect, one minister said, adding no 1MDB money is missing or stolen. While the 1MDB drama has raised doubts about governance and accountability in Malaysia, the structure of domestic politics likely protects Najib. Having early elections could "completely put to bed" any political risk premium for Malaysia, said Singh from RBS. "The opposition and its supporters were already certain that Najib had a hand in money laundering from 1MDB. The day U.S. prosecutors alleged massive fraud at a Malaysian state fund, it was business as usual thousands of miles away for Prime Minister Najib Razak.

Source: Thanhnien News July 25, 2016 03:22 UTC