In just the past year, major scandals have erupted at several of the world’s most influential state-owned companies, with repercussions going far beyond the boardrooms. In Brazil, graft scandals centered on state-owned petroleum company Petrobras have triggered waves of arrests and played a role in the ongoing impeachment of President Dilma Rousseff. Meanwhile, in Malaysia investigations continue into allegations of massive irregularities in state fund 1MDB, allegations that have shaken the government of Prime Minister Najib tun Razak and reportedly triggered investigations into 1MDB in Singapore, Switzerland, the United States, Hong Kong, Luxembourg, the United Arab Emirates, and Malaysia.
http://blogs.cfr.org/asia/2016/04/25/what-does-the-rise-of-state-capitalism-mean-for-the-world/
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