Current:Home > InvestMalaysia’s Appeals Court upholds Najib’s acquittal in one of his 1MDB trial -MarketStream
Malaysia’s Appeals Court upholds Najib’s acquittal in one of his 1MDB trial
View
Date:2025-04-27 19:43:20
PUTRAJAYA, Malaysia (AP) — Malaysia’s Court of Appeal on Tuesday upheld the acquittal of former Prime Minister Najib Razak of audit tampering in relation to the multibillion dollar looting of the 1Malaysia Development Berhad state fund, though he remains in prison for other graft charges.
The court struck out the appeal after prosecutors failed to meet deadlines in filing documents to support their bid, Najib’s lawyer Mohamed Shafee Abdullah told a news conference.
Najib, 70, was acquitted in March after the High Court ruled prosecutors failed to show that he abused his position to order amendments to a 1MDB audit report in 2016 to coverup wrongdoings before it was presented in Parliament.
“The acquittal is upheld without any further process,” Shafee said, adding that prosecutors are unlikely to appeal to the top court.
The audit tampering is one of Najib’s several corruption trials. He is currently serving a 12-year jail term after losing his final appeal last year in his first of several corruption trials linked to the 1MDB scandal.
The 1MDB fund was set up months after Najib became prime minister in 2009. Investigators allege more than $4.5 billion was stolen from the fund and laundered by Najib’s associates through lawyers of bank accounts in the United States and other countries to finance Hollywood films and extravagant purchases that included hotels, a luxury yacht, art and jewelry. More than $700 million landed in Najib’s bank accounts.
Najib and his wife, Rosmah Mansor, were hit with multiple graft charges after the saga led to his ruling coalition’s shocking defeat in 2018 general elections. Rosmah was sentenced in 2022 to 10 years in prison and a record fine of 970 million ringgit ($217 million) for corruption over a solar energy project and is out on bail pending an appeal.
veryGood! (739)
Related
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Find Out Who Won The Traitors Season 2
- How does daylight saving time work in March? What to know about time changes as we prepare to spring forward.
- Concealed guns could be coming soon to Wyoming schools, meetings
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Jail phone restricted for Michigan school shooter’s dad after he made threats, authorities say
- Norfolk Southern alone should pay for cleanup of Ohio train derailment, judge says
- Bye, department stores. Hello, AI. Is what's happening to Macy's and Nvidia a sign of the times?
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Luis Suárez's brilliant header goal saves Lionel Messi, Inter Miami vs. Nashville SC
Ranking
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- What do you get when you cross rodeo with skiing? The wild and wacky Skijoring
- Memphis police officer shot and wounded during traffic stop, official says
- Military lifts Osprey's grounding months after latest fatal crashes
- $73.5M beach replenishment project starts in January at Jersey Shore
- Sex abuse survivors dispute Southern Baptist leadership and say federal investigation is ongoing
- AP Week in Pictures: Global
- ‘Insure Our Future:’ A Global Movement Says the Insurance Industry Could Be the Key to Ending Fossil Fuels
Recommendation
Travis Hunter, the 2
Sex abuse survivors dispute Southern Baptist leadership and say federal investigation is ongoing
New Jersey men charged in Hudson River boating accident that killed 2 passengers
Driver pleads guilty to reduced charge in Vermont crash that killed actor Treat Williams
The Super Bowl could end in a 'three
Zoo Atlanta sets up Rhino Naming Madness bracket to name baby white rhinoceros
Maple syrup season came weeks early in the Midwest. Producers are doing their best to adapt
Former US Rep. George Santos, expelled from Congress, says he is running again