Malaysia reopens submarine probe, questions former PM Najib

Former Malaysian Prime Minister Najib Razak smiles as he leaves Kuala Lumpur High Court in Kuala Lumpur, Malaysia, Thursday, Nov. 15, 2018. (AP)
Updated 20 November 2018
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Malaysia reopens submarine probe, questions former PM Najib

  • Earlier investigations by Malaysian authorities did not find any evidence linking Najib directly to corruption in the deal

KUALA LUMPUR: Malaysian anti-graft authorities have reopened investigations into a contentious submarine deal 16 years ago involving former prime minister Najib Razak, the latest corruption probe facing the embattled Najib.
Since losing a May election, Najib has been charged with multiple criminal offenses and has been subject to corruption investigations, some linked to a multi-billion dollar scandal at state fund 1Malaysia Development Berhad (1MDB).
Najib has pleaded not guilty to all charges.
Investigators with the Malaysian Anti Corruption Commission (MACC) are now also looking at whether there had been any kickbacks in the sale of two Scorpene-class submarines to Malaysia by French warship builder DCN International (DCNI) in 2002, when Najib was defense minister, according to local daily The Star citing MACC sources.
One source cited by The Star said Najib was summoned to give a statement on the submarine deal on Monday and that investigators will be taking statements from others, including Najib’s former aide, Abdul Razak Baginda, who is being investigated by French financial prosecutors over the deal.
DCNI later became a new entity called DCNS, which in turn rebranded itself as Naval Group last year. French defense company Thales owns around a third of Naval Group.
French authorities began investigating the deal after Malaysian human rights group Suaram alleged the sale resulted in some $130 million of commissions being paid to a company linked to Najib.
Last August, French prosecutors said they had placed two former executives at Thales and DCNS under preliminary investigation as part of a probe into the 2002 submarine sale.
A spokesman from Thales declined to comment at the time.
A spokesman for Naval Group also declined to comment but added: “We scrupulously respect all the relevant national and international legislations”.
Earlier investigations by Malaysian authorities did not find any evidence linking Najib directly to corruption in the deal.
Najib’s aides did not respond immediately to requests for comment. Najib and his supporters have consistently denied any wrongdoing in the submarine deal.
The 1MDB scandal was one of the major reasons for Najib’s election defeat. The fund is the subject of corruption and money-laundering investigations in at least six countries.
US authorities say $4.5 billion was siphoned from 1MDB and about $700 million was diverted into Najib’s personal bank accounts. He has denied any wrongdoing.


India’s Modi set to return to power with a bigger majority, exit polls show

An Indian election officer (R) marks the finger of a voter at a polling centre on the outskirts of Amritsar on May 19, 2019, during the 7th and final phase of India's general election. (AFP)
Updated 20 May 2019
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India’s Modi set to return to power with a bigger majority, exit polls show

  • Modi visited West Bengal 17 times in an effort to make inroads with his Hindu nationalist agenda, provoking sporadic violence and prompting the Election Commission to cut off campaigning there
  • Indian television channels have had a mixed record in the past in predicting election results

NEW DELHI: Indian Prime Minister Narendra Modi is likely to return to power with an even bigger majority in parliament after a mammoth general election that ended on Sunday, exit polls showed, a far better showing than expected in recent weeks.
Modi faced criticism early on in the campaign for failing to create jobs and for weak farm prices, and analysts as well as politicians said the election race was tightening with the main opposition Congress party gaining ground.
But he rallied his Hindu nationalist base and turned the campaign into a fight for national security after tensions rose with Pakistan and attacked his main rival for being soft on the country’s arch foe.
Modi’s National Democratic Alliance (NDA) is projected to win anything between 339-365 seats in the 545-member lower house of parliament with the Congress party-led opposition alliance at a distant 77 to 108, India Today Axis exit poll showed.
To rule, a party needs to win 272 seats. Modi’s alliance won 336 seats in the 2014 election. The exit polls showed that he not only held to this base in the northern Hindi belt but also breached the east where regional groups traditionally held sway.
Only the south largely resisted the Hindu nationalist surge, except for Karnataka, home to software capital Bengaluru.
Counting of votes recorded in hundreds of thousands of computerised machines will begin early on Thursday and results are expected by noon.
According to another poll released by Todays Chanakya, Modi’s alliance is likely to get around 350 seats. One poll by Neta Newsx, though, forecast Modi’s group falling 30 seats short.
Exit polls, though, have a mixed record in a country with an electorate of 900 million people — around two-thirds of whom voted in the seven-phase election. They have often gotten the number of seats wrong, but the broad direction has generally been correct, analysts say.
With three out of four of the polls indicating a clear majority for Modi’s alliance, Indian equity markets are expected to rally sharply on Monday, while the Indian rupee is also likely to strengthen versus the US dollar, according to market participants.
A clear win would mean Modi can carry out reforms investors expect to make India an easier place for doing business, they said.
“I expect a positive reaction from markets on both the rupee and equities,” said Sajal Gupta, head of forex and rates at Indian brokerage firm Edelweiss Securities.
“Equity indices should have a rally of maybe 250-300 points,” said Gupta, adding the Indian rupee may test the 69 level against the US dollar before retreating.

HINDU HARDLINE FEARS
But a big win for Modi would fan fears that Hindu hard-liner groups would be further emboldened to pursue partisan programs such as punishing Muslims for the slaughter of cows, considered sacred by Hindus, rewriting school textbooks to reduce India’s Muslim history and attack liberals.
Critics say Modi sought to win votes by stoking fear among the Hindu majority of the potential dangers posed by the country’s Muslims and Pakistan, and promoted a Hindu-first India.
But his supporters say Modi and his allies are simply restoring Hinduism to its rightful place at the core of Indian society. Muslims make up about 14% of India’s 1.3 billion population.
“The massive crowds and response at every rally of Prime Minister Modi were a clear indicator of their approval for his leadership, the performance of the past five years and the vision for the future,” Nalin Kohli, a spokesman of the ruling Hindu nationalist Bharatiya Janata Party said.
Dilip Agrawal, 46, who runs a mill in the central state of Madhya Pradesh, said he had voted for Modi, despite the difficulties faced by farmers.
“He is doing so much for our country, our national security. Of course farmers want better rates than they are getting, that’s only natural. Only a strong leader can meet our aspirations, and Modi is that leader.”

GANDHI LOSS
The Congress pary led by Rahul Gandhi, the fourth generation scion of the Nehru-Gandhi dynasty that ruled India for decades following independence, focused on Modi’s failure to deliver on the promises he made to transform the economy and turn India into a manufacturing hub.
Congress spokesman Sanjay Jha dismissed the poll projections, saying that an alliance led by his party would defeat the BJP when votes are counted on May 23.
“Many of the pollsters, if not all of the pollsters, have got it wrong,” he said, adding that a polarized atmosphere and fear had kept voters from telling pollsters about their actual allegiance.
Mamata Banerjee, the chief minister of West Bengal state and a bitter opponent of Modi, said the fight was not over.
“I don’t trust exit poll gossip,” she said on Twitter. “I appeal to all opposition parties to be united, strong and bold. We will fight this battle together.”
Voting began on April 11 and ended on Sunday in the world’s biggest democratic exercise.
Although Modi’s party is poised to lose seats in northern Uttar Pradesh, which elects the most lawmakers out of all Indian states, the party’s return to power will be on the back of a strong showing in other northern heartland regions and two eastern provinces, CVoter’s polling showed.