Malaysia has squandered an estimated RM100 billion on financial scandals under the 22-year rule of Mahathir Mohamad, according to a new book about the former prime minister.According to Barry Wain, author of the soon-to-be launched 'Malaysian Maverick: Mahathir Mohamad in Turbulent Times', direct financial losses amounted to about RM50 billion.
This doubled once the invisible costs, such as unrecorded write-offs, were taken into account. The RM100 billion total loss was equivalent to US$40 billion at then prevailing exchange rates.
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