KUALA LUMPUR, Sept 17 — Malaysia could have become a developed nation if it was not for corruption that paralyzed its economy and industry in the last 20 years.
Forensic accountant, Prabhat Kumar, who is also the chairman of the Malaysian chapter of The Institute of Chartered Accountants of India, said If the society was freed from corruption it would have “been the most prosperous nation” in the region as it has great potential in developing the country’s economy, business, and innovation.
“I am not Malaysian, but I am in Malaysia for 30 years. This is a beautiful country. In terms of resources, it’s one of the richest, in the whole region,” he was quoted by Malay Mail as saying in the Anti-Corruption and Integrity Forum 2019 at the Istana Hotel here.
“But corruption has not allowed it to achieve the level it should have achieved in the last 20 years. It has pushed it back. Progress and development has really been dwarfed. It has not achieved that level of success which it should have achieved, and I feel personally, part of the responsibility or the majority [factors] has played a role for this corruption also.”