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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