Original subtitles

[man speaks in Malay] I have been accused of selling our country's dignity.

I have never sold Malaysia's dignity!

[applause]

I guarantee you. There are no problems.

Not like the government today.

They're willing to watch our fishermen lose their livelihood!

How about public aid? Welfare?

Home recovery aid? Scholarships?

When they get power,

they're just merciless, merciless, and merciless.

This is why we must oppose the merciless government!

[cheering]

Our fight is one that is holy, pure!

It will put our national race and religion on the stage of success, if Allah wills.

-Long live UMNO! Long live UMNO! -Long live! Long live! Long live!

-God is great! God is great! God is great! -Allah! Allah! Allah!

[reporter 1] Former Prime Minister Najib Razak

faced allegations surrounding billions of dollars

that went missing from the state fund 1MDB.

[reporter 2] Penang-born fugitive Jho Low transferred millions of dollars

into ex-prime minister Najib Razak's account...

[reporter 3] Laundered money was spent on Picassos, Van Goghs, and Monets,

a 300-foot luxury yacht, the production Wolf of Wall Street--

[reporter 4] The brazenness, the money they stole.

-Four and a half billion. -[reporter 5] ...mind boggling.

[reporter 6] Najib has pleaded not guilty to corruption and breach of trust.

Now he risks spending the rest of his life behind bars.

[reporter 7] Najib has to paint himself as a drooling idiot

who was hoodwinked by a 20-something-year-old,

or he has to admit that he knew what was going on.

[man] In a day-to-day schedule of running a country,

it's impossible for you to look at details.

And nothing whatsoever can be linked to me.

It's all political.

["Lie, Cheat, Steal by Run the Jewels plays]

♪ Lie, cheat, steal, kill, win, win ♪

♪ Everybody doin' it ♪

♪ Lie, cheat, steal, kill, win, win ♪

♪ Everybody doin' it ♪

♪ Lie, cheat, steal, kill, win ♪

[engine chugging]

[engine turns over]

[in Malay] I'm a fisherman, I fish!

We don't make much. Not much.

Not much.

Fishing may not be a very esteemed career.

However, I don't think it really matters at all.

Life is a chain. Everyone's survival is interdependent.

So when the economy is bad, it affects us.

The economy is critical.

[splashing, sloshing]

[man 1 in Malay] Okay, the fish looks clean now.

[man 2 in Malay] What we see in the papers is the government suffered losses.

But we don't know how much.

We can't know for sure if Najib took money from the people.

We don't know where the money went or who gave it away.

Whether Najib was right or wrong, only God will tell.

[man speaking Mandarin]

[man speaking Mandarin]

[man] Well, to his credit, I thought Najib had the right messaging.

He was talking about reform,

he was talking about propelling the economy,

his concerns for the poor and inequality.

[man 2] He was a very good minister in my cabinet.

I was thinking that he would be,

like his father was, the second prime minister of Malaysia,

who did a great job.

[Bin Ibrahim] Najib was a student in the UK.

The father died and he was brought back,

made a deputy minister, and rose through the ranks very fast.

[man] Najib is regarded by people who know him

as a fine Malay-English gentleman,

because of his background, being educated in England

and how he speaks very well.

He's very engaging when he talks to you.

I have some interest in tennis

because, basically, my children love tennis,

and they force me to watch tennis.

[man] I think a lot of people in the West, and certainly in finance,

breathed a sigh of relief because they felt Najib was

someone who's gonna be easy to work with.

You know, I have a very good relationship with Prime Minister Najib,

and we are close partners in cooperating on a whole host of issues.

We have this expression in Malaysia called "Malaysia Boleh,"

which-- "Can do." "Yes we can."

I think Obama learned from us.

[audience laughing]

Those people who are in the know

knew that Rosmah is really the power behind Najib.

Well, my husband loves to see me walking two steps behind him.

[Bin Ibrahim] Rosmah is known to wield direct influence,

not only meeting Najib,

but meeting some other key government leaders.

Unlike her husband, she had worked her way up.

She was a player.

I don't mind walking two steps behind.

It makes him happy. But what's important,

I get what I would like to get.

So they came up with "One Malaysia."

That means all of us, whatever race we are, we are one Malaysia.

That was his political slogan.

-[Malay] One! One! One! -[in Malay] Malaysia! Malaysia! Malaysia!

[Kay Tat] Najib took over as prime minister

just as the global financial crisis was being sorted out.

So he was really in a sweet spot. Things were moving,

the economy was going up, the stock market was going up.

But then, unfortunately,

he started 1MDB.

I'm honored to welcome you

to the future

of our economic growth.

[man] One Malaysia Development Berhad, 1MDB,

was created to invest Malaysian tax payers' money overseas,

generate huge returns, bring back foreign direct investments

in order to spur Malaysia's economy.

So, on the surface of it, sounds like a good idea.

[Bin Mohamad] The budget has always been in deficit.

Yet the government, at that time,

decided to have a wealth fund

similar to those that you see in Kuwait

and other rich, oil-producing countries.

When we established 1MDB,

we wanted to achieve our...

vision of an advanced economy, high-income economy,

because of the global downturn at that time.

Only the countries in the Middle East had surplus capital,

and we...

wanted a kind of a special relationship with them.

[man] Developing countries always need outside financing to build

roads and airports, hospitals.

That's what you want, theoretically, your sovereign wealth fund to be doing.

You want it to be either making money or building infrastructure.

[Pua] In 2009,

1MDB took a loan of approximately 1.2 billion dollars,

and within a couple weeks, they'd invested 95 percent of the sum,

one billion US dollars, in a single company.

And, when you do a simple research on that single company,

you realize that the company was new,

it didn't have a history,

and nobody knew anything about that company.

[Bin Ibrahim] The investment was around a billion at that time.

So we googled and checked PetroSaudi.

So there were bit dubious dealings.

I was the number three of PetroSaudi in London.

But there was almost no activities until 2009.

The official story was

that PetroSaudi was bringing in oil fields in Turkmenistan,

but they didn't have these oil fields.

They never had oil fields.

It was a lie.

This joint venture was somebody bringing

almost two billion dollars and the other one bringing nothing.

[Pua] And that's when you start thinking, "Is this a scam?

Is this real?

Or is it actually a pretend agreement

in order to take one billion out

from Malaysian taxpayers?"

[Rewcastle Brown] I run a blog

dedicated to exposing corruption in Malaysia.

I knew about 1MDB because, since roundabout 2010,

1MBD had been making noises about getting involved

in the rain forest state

where I'd been looking into timber corruption.

Nobody could get to the bottom of what was going on,

except that this fund appeared to be losing money,

and investing in strange institutions that had no past,

like PetroSaudi,

that were connected to Najib's son's pals.

That was what everyone was whispering.

"Hey, yeah, it's all run by a bunch of boys

who are friendly with Najib's son. It's that Jho Low."

[man] How do we define value?

[Pua] Jho Low was, and perhaps is,

the international man of mystery.

[man] Is it something we can see?

[Pua] Nobody really knew much about him.

All we found was this very...

expensive video

of him and his brother

talking about his company, Jynwel Capital...

It's about how each deal changes a community,

a country, and the world.

[Pua] ...that didn't say anything about what the company does.

[Low] Our approach is

to fundamentally question how quality is created...

how to enhance value, identify synergies,

capitalize on efficiency, and maximize potential.

Then we can enjoy bringing creativity

and expertise to a deal,

and execute it in our own way.

What sort of business enterprise was he involved in?

Nobody can explain.

This young upstart...

no track record.

How is he assigned

to run the biggest government enterprise?

There's no answer.

[Kay Tat] He studied in boarding school in the UK,

and he made friends with children of ruling family

in Saudi and Abu Dhabi,

and he also made friends with Riza Aziz,

the stepson of Najib.

He got himself a position as an advisor to Najib.

Saw an opportunity to trade on his Middle Eastern connections.

[Kay Tat] One of the shareholders of PetroSaudi

was Prince Turki of Saudi Arabia.

So Jho Low was able to connect...

Najjb to them.

Yeah, Jho Low is the man who...

who had the special connections with some very key personalities...

in the Middle East, you see.

With these countries,

uh, you need a special channel to make things happen.

It was much more on an informal basis.

Well, the thing about Malaysia is it's a very small society.

You know, stuff gets out.

And Jho Low had already come onto the radar,

just purely as being a sort of jaw-dropping spendthrift.

Obviously, 50 bottles of Cristal

from Saudi and Malaysia is not enough.

[crowd shouting, whooping]

Guess what?

We got a lot of shit coming from Saudi and Malaysia!

Bring out 100 bottles of Cristal for everyone!

-[cheering, whooping] -[loud techno music plays]

[man] In the nightclub world, a "whale" is somebody who is a really big spender.

Like, a big enough spender to almost single-handedly

keep a nightclub viable.

So Jho Low was the biggest of the whales,

the blue whale among whales.

[pops]

[Niemietz] The first time we heard about him,

Jho Low had gone to this club 1OAK.

He saw Lindsay Lohan,

and somebody had told Jho Low it was her 23rd birthday.

So he bought 23 bottles of champagne for the club.

It comes out, the waitresses put sparklers in it

and they run around the room, and everybody cheers.

And then somebody approached him and said,

"Hey, you know, you've kind of been played with here. It's not her birthday."

And, kind of, I think, sort of as an act of defiance

but also just having fun with it, he ordered another 23 bottles.

[cheering]

[Rewcastle Brown] Paris Hilton was allegedly charging Jho Low

a million dollars every time she went to be his party companion.

He had hired Busta Rhymes to do some kind of personal party.

Jamie Foxx and Swizz Beatz.

They were giving each other party presents of Bugattis to drive away on.

And then there were dancing dwarves,

and caged lions by the pool, and acrobats.

They'd get someone like Britney Spears jumping out of birthday cakes.

Everyone is wondering, "How is it that this...

fat Chinese boy gets to party with all the hottest girls in Hollywood?"

So it all came together, really, late 2013,

as the promotional stuff came out for a movie.

Um, The Wolf of Wall Street.

[man] My name is Jordan Belfort.

The year I turned 26, I made 49 million dollars,

which really pissed me off, because it was three shy of a million a week.

[man shouting]

[Rewcastle Brown] But I'd also discovered

that the producer of this movie, this 100 million dollar movie

about squandering stolen money,

was the stepson of Najib Razak.

I mean, to have the pedigree of talent

with, Leo DiCaprio, Martin Scorsese,

and to have four years of our life into this movie

and then see it all manifest itself onto the big screen,

and to have the acclaim that the movie is getting,

it's a great feeling.

-[woman] Congratulations. -Thank you. Thank you very much.

We're very excited. Very, very excited.

[Rewcastle Brown] And at every single launch party,

standing next to this young man who, inexplicably,

had been able to, as a rookie in Hollywood,

generate a 100 million dollar film with Leo DiCaprio and Martin Scorsese,

next to him was none other than Jho Low,

the guy behind this 1MDB fund

that was spending so much money and investing, nobody knew where.

Thank you to the entire production team, Joey, Riz, Jho. Joey, Riz, and Jho,

thank you for being not only collaborators,

but taking a risk on this movie, truly.

I was never...

invited to these parties, fortunately. [chuckles]

Even if I was invited, I wouldn't have gone.

It's not my my scene.

I felt very awkward, actually. He knows I didn't like it.

Uh...

But I suppose he felt he needed to show that...

uh, something like that would be associated

with somebody with a lot of money, and therefore would impress others.

You know? It certainly didn't impress me,

but he might have thought it could impress others.

And I got a lovely quote during that time

when Jho Low was being reported spending money.

Apparently, Rosmah was opening up some online story

that was talking about this,

and she stamped her foot and said aloud,

"You know, he needs to remember, this is my money too."

[woman] It's time to meet the lady of the house,

none other than the Prime Minister's wife,

Datin Rosmah Mansor.

Hello, Datin!

How are you?

I did the whole house.

Everything, I did.

I picked all the furniture, designed the carpets.

[man] I don't know Rosmah personally,

but the media has portrayed her to be very much like Imelda Marcos...

except at a much higher level.

Whereas politicians are probably more discreet,

Rosmah was not discreet at all.

These are a pair of earrings.

She would have a different Birkin crocodile handbag

on her arm every time she went out.

You have a tiara like this.

There's a story about Rosmah Mansor taking a trip to Hong Kong

and spending so much money shopping,

they end up filling an entire jet airplane to the brim.

Amazing necklaces like this.

You know, how could the wife of a politician afford such luxury?

A ring of some sort.

Jho Low took care to spend a heck of a lot of money on Rosmah.

[man speaking indistinctly on treadmill TV]

[Najib's voice] I accept that there were--

there were accusations of an opulent lifestyle. I accept that.

[man] I had the idea, other people...

[Najib] And it's not appropriate. So I'm trying my level best...

you know, to change that perception...

because I think it's just a question of perception.

The truth is something else.

And I hope, you know, people in due course will understand

the real person that I am.

[interviewer] So you don't think it's true

that you and your wife live an opulent lifestyle?

Uh...

I think it can-- it can-- the lifestyle can be explained.

I mean, she does, like most women-- my wife does like to shop, but...

uh...

you tend to accumulate things over a period of time,

and some of the places she shops are...

You know, she goes to outlets as well, you know?

I sometimes complain. I say, you know, "Don't keep those things!

You are a hoarder. You keep things for a long time.

Get rid of them," you know?

But if you-- It's amazing that after a few years,

the amount of things you accumulate, particularly when you're in office...

We have friends. Friends do give us presents.

And it's not anything against the law...

in Malaysia to receive presents.

Every head of government received gifts,

particularly from the Middle East.

I mean, your president received...

quite expensive gifts from...

from the Middle East as well. I believe it's well-documented.

Yes, Kiky.

Oh, Kiky.

Kiky.

-[bell jingles] -Hey.

Most famous cat in the country.

Oh, she's cuddly, fluffy, and...

she's territorial.

You know where to find her. She's always here.

This is-- She's marked this as her territory.

You know? And she won't go anywhere else.

[interviewer] And you post her on Instagram?

Yeah, I get about 40,000 every time I post Kiky...

and people say, "Hey...

we want to see the latest picture of Kiky."

They'll make comments like that.

It's widely exaggerated in terms of my lifestyle.

I'm basically a simple person. I love the simple lifestyle.

[Turnbull] Asia was kind of slow to really pick up

on the full extent of the crisis in the US.

It didn't really hit the region until...

basically around the time Lehman...

uh, defaulted, and then you just saw this implosion in trade.

After the financial crisis,

it was a terrible time for investment banks around the world,

and some of them didn't survive.

Goldman was one of the few major, surviving,

truly international investment banks.

With all the regulatory pressure on the U.S. businesses,

there was a push to look to emerging growth markets.

They felt that they had to find something to allow them to grow their business.

They thought the answer was Asia.

[man] People come to this firm wanting to make a contribution.

Of course, they want to have a satisfying personal career,

but I'll tell you, what they really want to do

is they wanna make their mark on the world.

[Kay Tat] Tim Leissner,

who was then the head of Goldman Sachs in Southeast Asia,

wanted to get into the deal.

I mean, everybody heard about Jho Low, right? And 1MDB.

Bankers, they want to be part of the transaction.

After the PetroSaudi joint venture,

Malaysia didn't have any more money sitting around.

So Najib and Jho Low needed new ways to get money into the fund.

[Taibbi] Leissner had a reputation as a rule breaker,

a partier, an operator, a womanizer.

Low had to like that.

He had to think, "This is exactly the kind of person

I was looking for."

Tim, I didn't know him very well. We worked in the same building.

By reputation, he was a bit of a wild man.

But essentially, a very good relationship manager,

and knew everyone and anyone in Malaysia.

[Taibbi] For Low, Goldman Sachs is the whale.

For Leissner, the whale was, you know, Najib.

Goldman Sachs facilitated the issuing of three different sets of bonds,

totaling in billions of dollars.

[Turnbull] When the deal was first done,

I had the chance to go through it, and it was...

it was a complete joke, frankly.

There was no stated use of proceeds. There was no governance structure.

Who was going to manage this? There were no employees,

so the answer is no one, or it will be determined at a later date.

But with a deal as big as this, every senior member of the firm

who sits on the major risk committees would've had to look at this thing

at least in some detail.

And so it's weird that it got passed on through.

Goldman ended up receiving

about 200 times the normal fee

for brokering bonds.

If this business had been on the up and up,

they could have gone to any other investment bank

and they all would have offered roughly the same services

for roughly the same price.

But this was an unusual service.

They were asking Goldman to underwrite something

that was pretty clearly corrupt.

Uh, and not every investment act was going to do that.

So in order to get that service, they had to pay more.

[Kay Tat] In 2013, 1MDB raised money through Goldman Sachs

to build a new financial center in Kuala Lumpur

called Tun Razak Exchange, TRX.

[man] A global financial force is emerging.

A catalyst for convergence...

between east and west.

Smart.

Sustainable.

The Tun Razak Exchange.

[Pua] Tun Razak is Najib's father's name.

So this Tun Razak Exchange is meant to be constructed

with funds raised by 1MDB...

in this case, three billion dollars.

A lot of people in the business community had their doubts,

but it was really quite a grand, ambitious plan.

[Pua] It was meant to be the magnet for global financial companies

to invest in Malaysia.

In reality, we had a huge,

semi-abandoned construction site right here...

where projects were hanging.

Some were stopped.

There was a great deal of uncertainty as to whether there was enough money

to continue with the project,

to complete the infrastructure that was promised to the investors.

[man] The fund has 42 billion ringgit in debt,

and there seems to be a lot of speculation that they will have troubles

meeting their financial obligations on the US dollar debt.

[Low] I just wanna be clear. So you're asking for my views on--

I'm asking for your views, yeah.

[Low] Okay.

From what I can read from the audits and accounts,

my understanding is 1MDB clearly has more assets than liabilities.

I think the key is...

how quickly these assets are monetized,

um, and really for the management to execute.

[Kay Tat] The government could not service the debt of 1MDB by 2015, 2016.

So they took money from other government agencies too.

Money was stolen from Tabung Haji to pay off outstanding 1MDB debt.

It's like a Ponzi right?

Once the money was gone,

you have to find more money to cover the hole.

[in Malay] Since 1992, I've put money in the Tabung Haji fund.

That's my commitment to go on hajj.

[man] Tabung Haji is a fund that Muslims can invest in,

and it will actually help fund your pilgrimage to Mecca.

See, the thing about the hajj is that not every Muslim can afford it.

Not every Muslim can actually go once in their life.

You have to wait a very long time, sometimes 50, 60 years,

to finally get to Mecca.

[in Malay] We start saving young, so when we're older we can go on hajj.

Because in Islam, it is compulsory if you can afford it.

[Idros] The speculation that Najib has taken funds from Tabung Haji

to fill up the holes in 1MDB...

[in Malay] A lot of the money disappeared.

So the dividend decreased drastically.

From 6.25 percent to 1.25 percent.

[Idros] They've saved up their entire lifetime for this.

And then, suddenly those funds that you've invested your entire life,

they're gone.

I mean, how can somebody steal funds

from something that is meant to be... holy?

[Rewcastle Brown] There are certain people in our global community

who think they are above all laws.

And people like Najib have total power within their own countries,

and they are let off by all the financial institutions

that turn a blind eye in order to do business in these regions.

And I think he thought he could get away with it.

Fortunately, what happens when you start writing

about a story that really is in plain sight,

something like this, this huge expenditure of money,

is that you become the person that people who've got information

tend to contact.

I left PetroSaudi in April 2011.

Two months later, I called the IT guy of PetroSaudi.

I said, "I just want to have a kind of insurance.

If one day there is a problem...

I just want to prove that I had nothing to do with those big numbers."

So I asked him to get a copy of the PetroSaudi server.

The first time I went to Bangkok,

I had no idea who I was going to see.

In fact, I'd been warned not to go because I'd been warned

that it was more than likely to be a Russian mafia operation,

and that I was risking life and limb.

[Justo] One of the key elements in these emails was

that the transfer of 700 millions

was related to this Good Star company,

that had nothing, absolutely nothing to do with the PetroSaudi deal.

[Rewcastle Brown] Three hundred million went into PetroSaudi's bank account,

and 700 million went into a mystery company

called Good Star Limited.

And signing on behalf of Good Star

was a person I knew to be Jho Low's business manager.

That was what nailed the whole PetroSaudi joint venture

as a scam.

Their weakness was that the money was put into dollars,

and so therefore it entered the United States jurisdiction.

I had them. I knew I had them. I had the evidence.

And, what's more, I'd given the evidence to the United States,

and they acted on it.

And we are here to announce a significant step

in our ongoing work

to combat global corruption,

and to ensure that the United States offers no safe haven

to those who illegally use public funds for private gain.

The scheme was fairly simple.

It was stealing money,

hiding it under a shell, and then moving those shells around

until nobody knew where that money came from anymore.

Jho Low opened companies in countries that have very low regulatory requirements

and he used names that sounded like legitimate businesses.

He would move the money between an incredible labyrinth

of shell companies around the world.

In the end, 2.7 billion dollars

was siphoned off from the bond offerings,

used for Jho Low's pleasure.

The Equanimity yacht worth 250 million dollars.

A Picasso painting worth 3.2 million dollars.

A jet worth 35 million dollars.

The film Dumb and Dumber To, over 20 million dollars.

Shares in a company called Flywheel.

The painting by Basquiat called Dustheads.

The film Daddy's Home. Two paintings by Claude Monet.

A lingerie company.

An Oscar statue that Marlon Brando won.

A condo at One Madison Park. A condo at the Park Laurel--

The L'Hermitage hotel. An office building in London.

A penthouse in Walker Tower. A matching diamond ring.

Pink diamond pendant... Heart-shaped diamond.

He bought the model Miranda Kerr a crystal piano,

but she had a room in her house built around the piano,

so the FBI couldn't physically seize it,

because we couldn't remove it from that room.

[playing piano]

[Rewcastle Brown] Jho Low was the moneybags for everyone in all of this.

Six hundred eighty-one million dollars had gone into Najib's account.

[reporter] Hello, Mr. Prime Minister, it's ABC Australia.

I'm wondering if you can explain

the hundreds of millions of dollars in your account.

Mr. Prime Minister.

People were getting more and more aware

that, you know, lots and lots of money were actually stolen.

Five hundred thousand people came out to the streets,

and people were really angry.

[reporter] Tens of thousands of protesters gathered in Malaysia's capital on Sunday.

They're demanding Prime Minister Najib Razak's resignation.

[woman] Najib became very desperate when he saw the people's movement.

He had people arrested for actually talking about 1MDB.

So he took action against us, closed our paper.

We will not apologize

because we have not done anything wrong, okay?

We stand by everything we have published.

It depends on the nature of the criticism.

If it's considered to be fair criticism, then--

Then we accept it.

We have to accept it.

If it's unsubstantiated, or we feel that it is one-sided...

uh, then it puts the government in a... in a tight spot, you see?

I was arrested in June 2015 by police from Bangkok.

And they made me confess

that 1MDB was a good company,

and that Mr. Jho Low and Mr. Najib Razak didn't do anything wrong.

He sacked the attorney general who was investigating.

He sacked his deputy prime minister, another cabinet minister.

All those who oppose him or started asking questions about 1MDB.

[crowd, officers clamoring]

[Bin Ibrahim] I was the first member of Parliament

to raise the issue of 1MDB.

I was sentenced to five years imprisonment.

I am not surprised with the judgment.

I know the system, we have worked with the system.

We have seen how the police conduct the affairs and the prosecution:

clearly malicious.

I was arrested under 124C

of the penal code that actually says

that I'm trying to undermine parliamentary democracy.

We, her own sons, have no idea where she is right now.

We don't even know when we'll actually get to see her again.

[Chin] My son's car...

Chicken blood was actually thrown at his car.

That was a message to me to say that, you know,

"We know where you are,

and if you don't retreat,

worse will happen actually to your sons."

There is no word to explain what's going on in a Thai prison.

In a cell of 30 square meters,

there's, like, 50 people sleeping on the ground.

You will end up sleeping with the feet of your neighbor on your face.

I was supposed to be released in Switzerland in September 2016.

But out of nowhere, two or three days prior to my transfer,

Mr. Najib Razak came to Thailand, and he blocked my transfer.

I spent eighteen months.

Five hundred forty-seven days.

I counted each one of them.

[Pua] After the exposé,

Najib was able to become more powerful than he ever was.

And hence, the only way

for a corrupt government to be checked

is the-- perhaps, the most difficult way of all,

which is by an election.

[Bin Mohamad] We call upon all Malaysians,

irrespective of race, religion,

political affiliation, creed or parties,

young and old,

to join us in saving Malaysia

from the government headed by Datuk Seri Najib Tun Razak.

In early 2018,

when I was still in prison

and barred from any possibility of entering the elections

or taking any position in government,

then the leaders of the opposition

decided that Dr. Mahathir,

who used to be prime minister once,

would be then our candidate.

Former Prime Minister...

Tun Dr. Mahathir decided to come out from retirement

and to stand for elections against his own choice of Prime Minister.

Yeah. Certain heads must fall.

[Bin Mohamad] We had lots of public gatherings

where thousands of people attended.

Even at 90 years old,

I was still out there campaigning,

meeting them and taking an interest in their unhappiness.

But we didn't think we could win.

You know, never--

you talk to Malaysians who were there, they were shocked.

I accept...

the verdict of the people.

[cheering]

[Kay Tat] I remember, May 9, May 10, the euphoria on the streets.

Malaysians were elated, they were so happy that it happened.

They never thought that it would ever happen.

I thought I would never see it in my lifetime.

That we would win.

This is for the children to see.

This is mother of all election,

and he's the father of all leaders!

[cheering]

[Pua] They couldn't believe that Malaysians, as one...

came up to vote in force,

and successfully did what no one thought they could.

Basically what I feel is something like an independence.

Independence from a government which has ruled us for the past 60 years.

[crowd chanting in Malay]

[air horn blares]

[crowd chanting in Malay continues]

Yeah, okay.

You know, this whole issue of 1MDB and the loss of, uh...

my party for the first time after 61 years.

Uh, it's certainly

something which is hard for me,

uh, you know, to live with.

I mean, the moment we lost,

the night of the 9th of May,

uh, things...

unraveled...

in ways that we could never have imagined.

[reporter] Najib's private residences were raided by police

who confiscated 240 million dollars' worth of luxury goods.

There were 284 boxes containing handbags.

And there were 72 bags containing cash, jewelry, and watches.

[Kay Tat] We have heard about it,

but to finally see it with our own eyes and the police dragging it out,

it's like, "Wow, what we suspected all along now is out."

They did take jewelry, they took handbags, they took cash.

Let me deal with the cash. For example, you know...

Being a head of a political party, president of party,

I was just continuing the tradition of a president of a party.

This was a CSR political account under my name.

You see? The donation that was given

by-- under the behest of King Abdullah

was specifically meant for me...

as the leader of Malaysia.

For welfare purposes and political purposes.

People expect the government to do

something that would be good for the people.

If you do that, you're bound to be supported by the people,

but he had different ideas.

At one stage, he told me that cash is king.

When you say, "Cash is king,"

you are actually saying that bribery is okay.

If you use money to buy support, that's all right.

[in Malay] Najib used to give us RM300.

Now, this Mahathir gives us less.

[in Malay] Before the 1MDB scandal, everyone got cash assistance.

For all kinds of things:

Boats. Engines. Lots of things.

We don't have what we used to have. There's no more money.

[interviewer] Do you all agree?

We all agree!

Though Najib takes money from others, from the country,

he gives it to the people.

He takes care of the people.

It's okay if he takes the country's money.

Who doesn't steal? What prime minister doesn't steal?

It's not just Malaysia.

Be it America, India, China, or any country.

Maybe it's not right.

If they have the chance,

they'll take everything.

[man in Malay] Okay, everyone! Ready? Everyone yell, okay?

Everyone yell, okay?

-Who are we waiting for? -[crowd] My boss!

-Dato' Sri Najib! -[all] Dato' Sri Najib!

-Our boss! -[all] My boss!

-[man] Don't be ashamed! Don't be ashamed! -[all] My boss! My boss! My boss!

♪ I always dream about ♪

♪Spending a beautiful life Growing old with my boss... ♪

Don't be ashamed, my boss!

[Najib's voice] When I was prime minister,

the real person that I was never came across.

In a sense, my real self...

um, the real Najib...

the personal persona, if you like,

and the public persona are in line now.

[crowd cheering, singing]

-[man 1] Sign the motorcycle! -[man 2] Sign where?

Clap your hands, he's signing the motorcycle!

[man 3] This is Najib's subsidy.

For the fishermen.

This is all help from Najib.

-I ask for your help, Dato' Sri. -Come up here, Dato'.

Come back, Dato'. I'm not healthy.

I take care of everyone.

-[woman] Take care of the Malays, Dato'. -Of course.

[Najib, in Malay] If I ask you the golden question,

which is better? The time under my government, or today's?

[crowd] Yours! Of course, yours!

We were all afraid your fight would end, Dato' Sri.

Let's continue his fight. Let's continue, friends!

My boss, my boss, my boss.

[singing continues]

[woman in English] He's not guilty of anything.

His government fall down because of--

-[woman 2] Lies. -Lies and... conspiracy.

So, nothing to be ashamed of.

He can move on. He can strike back.

[crowd cheering]

[Najib's voice in English] My time is limited, I know.

You know, in four days, in a week, I'll be attending my trial...

and then, uh, Friday, Saturday, Sunday, I'll be doing my--

my engagement with the people.

But you know, I accept it. It's one of those things you have to---

to make your adjustments,

and hopefully, you know, it won't be too long before

uh, we see the light at the end of the tunnel, so to speak.

[Pua's voice] Some charges has been brought against Najib.

There's many more charges to come.

I'm confident...

justice will be served.

But the trial will take time.

It will be months, and perhaps even...

a year or two.

Well, they said I was responsible for...

stealing money, you know?

But nothing has been proven...

in the court so far.

[siren wailing in distance]

[man] There is one fundamental requirement of law.

Najib must be proven by the prosecution...

to have the full knowledge...

that this money,

in fact, came from the 1MDB loan.

But the majority of the facts seem to indicate he has no knowledge.

I would never have accepted

a single cent if I knew it was 1MDB's money.

[Rewcastle Brown] Najib knew everything from the beginning. He couldn't have not.

He had designed these companies specially

so that every single financial transaction had to be signed off by him.

We've got the signatures.

I sign so many documents.

If it's recommended...

and the board sanctions it...

normally, as a matter of course, I have to sign it. You see?

The responsibility lies with the prime minister.

He's prime minister.

He set up the company.

He's chairman of the company.

He choose Jho Low, his friend.

[Pua] If you walk the streets and talk about 1MDB Scandal,

probably the number one question

that everyone is asking: "Where is Jho Low?

Where is Jho Low?"

Well, Jho is nowhere to be found, you see?

And I'm here facing the music, you see?

So really, you have to ask yourself,

you know?

"What actually happened, and who was responsible?"

Jho was smart.

I don't want to say that he was some kind of mastermind.

I think he wanted to belong,

and so he found a way to buy himself in.

[Niemietz] I don't know why somebody who has so much to hide

would be flaunting his wealth to the degree

that Jho Low was flaunting his wealth.

When you see people who just really, really, no matter what they have,

need to bring more attention to themselves,

you really have to wonder what's wrong with them.

[interviewer] Do you feel any regret for having brought Jho into this?

Yeah.

I suppose, you know, you make a thousand decisions...

you know, as prime minister.

You might get one or two wrong, and the one or two that you get wrong...

uh, they're the ones who come to haunt you, you know?

After the first US 700 million was stolen,

there was a chance for Najib

to stop it.

He should've exposed Jho Low there and then.

But Jho probably told him, "Don't worry," right?

"You put in more money, I'll get back the money and put it back."

And because he doesn't want to expose Rosmah or Riza or whatever...

what would he have lost then? 700 million.

Today it's seven billion.

[man in Malay] The main problem for us is that we are in huge debt.

That's all.

I'm apprehensive and I don't want to comment too much.

If I do, who knows, I may end up in jail.

It's difficult to earn a living.

I have two kids. One boy and a girl.

If there's no paddy, we don't have anything.

[Bin Ibrahim] The system seems to protect and promote

stealing and plundering the wealth of this country.

You can't successfully steal money unless you're able to launder it.

It was very easy for Jho Low

to convince the banks to look the other way.

We saw documents that a kindergartner could've forged

and the banks were willing to pass on.

Goldman could be legally responsible on a number of fronts.

There could be fraud, it could be the Foreign Corrupt Practices Act.

Tim Leissner, who-- he's the one who pleaded guilty,

for those who don't know, and Andrea Vella,

who's said to have known about the scheme,

were Goldman partners.

They were Goldman partners in the investment bank,

the investment bank that you ran for 12 years. These were your guys.

How does it make you feel?

The investigation's ongoing.

I think Goldman's usual defense in these kinds of situations is

they will try to fight it if they can,

and when it starts to go bad enough,

they tend to throw people under the bus, which is optimal for the firm.

If they can construct a narrative that Tim Leissner

pulled the wool over the eyes of bank risk committee, legal,

then Goldman can save its skin.

But these guys were in such close contact

with very senior people at the bank on a very regular basis,

like Lloyd, like Gary Cohn, like anyone who sat on those risk committees.

When the news came out that Lloyd Blankfein had actually met

with this crazy character Jho Low,

there were rumors on Wall Street that that was why Lloyd stepped down.

I'd like to take a moment to address the ongoing investigations

related to matters with the Malaysian sovereign development fund 1MDB.

The people of Malaysia were defrauded by many individuals,

including the highest members of the prior government.

Tim Leissner, who was a partner at our firm...

was one of those people.

For Leissner's role in that fraud,

we apologize to the Malaysian people.

Then, finally, okay. A public apology.

What the heck you talking about, public apology?

You were corrupt.

You were complicit to the crime,

and you must finally pay, and you must be punished.

These are all obligations

that are going to rest on the Malaysian taxpayer

for the next 20 years.

[Chin] We have to actually pay our debts.

Of course, it has been reduced by the present government,

but we still have a huge debt to pay.

Money that could be spent on building roads, building schools,

will now have to be used to service the debt of 1MDB.

[woman in Malay] The whole of Malaysia suffers from this debt.

My medicine isn't cheap.

I can't get care anymore.

I've never struggled as much as I do now, because of Malaysia's economy.

If you say that, you know, "Can Malaysia revive itself?"

It's going to take us a long time...

but we are trying to get there.

[Rewcastle Brown] Of course, these sorts of rulers

do not want people to understand

how the modern economy works and how they're being ripped off by it.

They just rip them off.

[in Malay] ♪ Never hope for a fisherman ♪

[Rewcastle Brown] You'll find some poor fisherman

who's living on the margins of existence

and he'll shrug his shoulders and say, "Oh, well, it was great under Najib,

because he gave me a bit of money just before the election, normally.

[in Malay] ♪ If it comes to it that we fall ♪

♪ Scatter sweet flowers upon our graves ♪

I didn't think that justifies what Najib did.

[Bin Ibrahim] Ours is a developing economy.

We have problems of grinding poverty,

quality education, dilapidated schools.

How can you, then...

squander these billions and ignore...

the plight of our people?

I think one has to be fair. I mean, you have to...

be responsible for the things you did,

but you cannot just blame the man at the top for everything that goes wrong.

You know, I don't think that's fair.

To what extent did he have the knowledge, to begin with?

Did he intend to cheat in the first place?

Was there a guilty mind in the first place?

-Hello. -[all] Hello!

-[speaking Malay] Long live UMNO? -[all speaking Malay] Long live!

-Don't be ashamed? -[all] My boss!

[band playing "The Young Ones"]

-♪ The young ones ♪ -[all cheering]

♪ Darling, we're the young ones... ♪

[cheering]

♪ And the young ones ♪

♪ Shouldn't be afraid ♪

♪ To live, love ♪

♪ While the flame is strong ♪

♪ 'Cause we may not be The young ones very long ♪

♪ Once in every lifetime ♪

♪ Comes a love like this ♪

♪ Oh, I need you And you need me ♪

♪ Oh, my darling, can you see ♪

♪ Young dreams ♪

♪ Should be dreams together ♪

♪ And the young ones ♪

♪ Shouldn't be afraid ♪

♪ That someday ♪

♪ When the years have flown ♪

♪ Darling, we'll teach the young ones Of our own ♪

[audience cheering, calling out]

-[band member calling out in Malay] -[audience calling out in Malay

[vocalizing, shouts in Malay]

♪ Tomorrow Why wait until tomorrow ♪

[all cheering]