Malaysian ex-leader Najib takes stand in 1MDB trial

The high court judge last month said Najib Razak wielded ‘overarching authority and power’ and took actions for personal gains. (File/Reuters)
Updated 03 December 2019

Malaysian ex-leader Najib takes stand in 1MDB trial

  • Najib is defending himself against seven charges of abuse of power, breach of trust and money laundering

KUALA LUMPUR: Former Malaysian prime minister Najib Razak was a “victim” of the multi-million dollar 1MDB scandal that saw state coffers drained on his watch, his lawyer said Tuesday, as the ex-premier gave evidence in his own fraud trial.

Huge sums were stolen from sovereign wealth fund 1Malaysia Development Berhad, allegedly by the ex-prime minister and his cronies, and spent on everything from high-end real estate to artwork.

Najib’s coalition was ousted at the polls last year after six decades in power, largely due to public anger over the scandal.

He has since been arrested and hit with dozens of charges linked to the looting of the investment vehicle.

“Najib is not part of the conspiracy. He is a victim as much as others in the 1MDB scandal,” his lawyer Muhammad Shafee Adbullah told reporters.

“The leader of the pack is Jho Low,” he said, referring to fugitive Malaysian financier Low Taek Jho, a member of Najib’s inner circle who allegedly masterminded the elaborate fraud that spanned from the United States to Switzerland, Dubai and Singapore.

“The crux of my defense is the entire scheme is designed by Jho Low,” Shafee added.

Najib, 66, went on trial in April over the controversy, in a case centered on the transfer of 42 million ringgit ($10.1 million) from former 1MDB unit SRC International into his bank accounts.

The former leader arrived at the court on Tuesday wearing a blue suit and held a brief Muslim prayer with supporters at the building’s steps.

Defense proceedings began with Najib giving testimony under oath. He will be cross-examined by prosecutors and is expected to be on the witness stand for around four days.

He began his testimony reading from a 243-page statement, recalling his long career in politics and ministerial posts he held since 1978, including the post of finance minister, and giving lengthy backgrounds on the setting up of 1MDB and SRC.

Defense lawyers had earlier said it would take two days for him to read the entire statement, but as his testimony went on, it appeared it would take longer.

Najib also sought to distance himself from Low, while his lawyer claimed the ex-leader was led astray.

“Jho Low has misled many people. Najib is one of them,” Shafee said.

Najib is facing four charges of corruption and three counts of money-laundering in the trial. Each charge of corruption carries a maximum jail term of 20 years, and each money-laundering count is punishable by a term of up to 15 years.

Prosecutors have argued that Najib wielded huge influence over the unit and knew that stolen money was being funneled from it into his accounts.

But in an opening statement in court before Najib took the stand, defense lawyer Shafee said they will prove that Najib “did not misappropriate funds... either directly or indirectly” and “did not act dishonestly.”

The amount transferred to his account “was done without his knowledge or involvement” as the transactions “were being manipulated by third parties without his knowledge and approval,” Shafee said.

“Ultimately, we will pray for an order that (Najib) be acquitted and discharged of all seven charges,” he said.

The case is one of several 1MDB-linked trials investigating Najib’s conduct. The biggest opened in August, centering on allegations he illicitly obtained over $500 million from the fund.

US authorities, who are also investigating the fraud as money was allegedly laundered through the American financial system, believe $4.5 billion was looted from the fund.


Interpol warns of ‘alarming’ cybercrime rate during pandemic

Updated 04 August 2020

Interpol warns of ‘alarming’ cybercrime rate during pandemic

  • Cybercriminals are increasingly using disruptive malware against critical infrastructure and health care institutions
  • There was also an increase in the spread of fake news and misinformation which sometimes itself conceals malware

LYON: Global police body Interpol warned Monday of an “alarming” rate of cybercrime during the coronavirus pandemic, with criminals taking advantage of people working from home to target major institutions.
An assessment by the Lyon-based organization found a “significant target shift” by criminals from individuals and small businesses to major corporations, governments and critical infrastructure.
“Cybercriminals are developing and boosting their attacks at an alarming pace, exploiting the fear and uncertainty caused by the unstable social and economic situation created by COVID-19,” said Interpol Secretary General Juergen Stock.
“The increased online dependency for people around the world is also creating new opportunities, with many businesses and individuals not ensuring their cyberdefenses are up to date,” he added.
The report said cybercriminals were sending COVID-19 themed phishing emails — which seek to obtain confidential data from users — often impersonating government and health authorities.
Cybercriminals are increasingly using disruptive malware against critical infrastructure and health care institutions, it added.
In the first two weeks of April 2020, there was a rise in ramsomware attacks, in which users have to pay money to get their computer to work again.
There was also an increase in the spread of fake news and misinformation which sometimes itself conceals malware, said Interpol.
From January to April, some 907,000 spam messages, 737 incidents related to malware and 48,000 malicious URLs — all related to COVID-19 were detected by one of Interpol’s private sector partners, it said.
The agency warned the trend was set to continue and a “further increase in cybercrime is highly likely in the near future.”
“Vulnerabilities related to working from home and the potential for increased financial benefit will see cybercriminals continue to ramp up their activities and develop more advanced and sophisticated” methods, it said.
Once a COVID-19 vaccine becomes available, Interpol said, “it is highly probable that there will be another spike in phishing related to these medical products as well as network intrusion and cyberattacks to steal data.”