Pakistan Accountability Lab / Myanmar companies practices / 1MDB-linked executives sentenced
Tackling Corruption and Integrity in Pakistan (Podcast).
Fayyaz Yaseen and Blair Glencorse/Open Gov Stories: https://soundcloud.com/open-gov-stories/tackling-corruption-and-integrity-in-pakistanfayyaz-yaseen-blair-glencorse
Myanmar’s private sector moves towards best practices, but slowly. “The real issue is that capital is available, but too many Myanmar companies lack the transparency and governance to satisfy loan eligibility criteria for debt financing, or to successfully pass due diligence processes for equity financing,” according to the founder of a Yangon-based legal firm.
Two 1MDB linked executives behind bars in UAE. Khadem al Qubaisi, who once headed Abu Dhabi’s International Petroleum Investment Co. (IPIC), was handed a 15-year prison sentence whereas Mohammed Badawy al Husseiny, a US citizen who ran a subsidiary of IPIC, was sentenced to 10 years; the duo must also jointly must pay about US$336 million.