Brunei. According to
Countryaah, the international financial crisis with roots in
Asia also hit the normally prosperous oil kingdom of Brunei.
Sultan Hassanal Bolkiah's younger brother, Prince Jefri
Bolkiah, ended up in blustery weather since one of the
companies he controlled, the construction and consulting
group Amedeo, made losses estimated at several billion
Assessors believed that Brunei was now facing its worst
financial crisis since independence was proclaimed in 1984.
The Minister of Justice resigned and some of the leading
people in the Brunei Investment Agency, a company that
manages the sultan family's assets worldwide, were forced to
resign. Prince Jefri Bolkiah lost some of his former
positions of power in favor of his Muslim right-leaning
brother Mohamed Bolkiah. He already held the post of Foreign
Minister and was now appointed chairman of the Economic
Council appointed to seek to save family wealth. Supporters
of Prince Jefri Bolkiah claimed that the prince was
appointed a scapegoat and that Brother Mohamed imperceptibly
wants to transform Brunei into a strictly Muslim state.