Malaysia appeal court to rule next month on ex-PM Najib’s conviction

24-Nov-2021 Intellasia | Reuters-CNA | 5:02 AM Print This Post

A Malaysia court will deliver its verdict in December on an appeal filed by former premier Najib Razak over his conviction in a corruption case related to state fund 1Malaysia Development Berhad (1MDB).

Najib was sentenced last year to 12 years in jail and fined $50 million after being found guilty of criminal breach of trust, abuse of power and money laundering for illegally receiving about $10 million from SRC International, a former unit of now-defunct 1MDB.

Najib, 68, had appealed the verdict and is out on bail. He has consistently denied wrongdoing.

Malaysia’s Court of Appeal will deliver the verdict on December 8, the federal court registrar’s office said in a statement.

He can appeal further to the federal court if his conviction is held up.

Najib remains influential in Malaysian politics and is popular on social media.

He is central to his party, the United Malays National Organisation (UMNO), which returned to power in August after it was ousted in elections three years ago due to widespread corruption allegations.

Opposition lawmakers are concerned graft allegations against UMNO leaders could be dropped with the party back in power.

Najib is one of several UMNO leaders facing corruption charges, all brought after the 2018 election loss.

He told Reuters in September he has not ruled out seeking re-election to parliament. To qualify, he would first need to have his conviction overturned.

US and Malaysian authorities say $4.5 billion is believed to have been stolen from 1MDB, a fund Najib founded to promote economic development, and used by his associates to buy art, a superyacht and fund the Wolf Of Wall Street movie.

Prosecutors say more than $1 billion of 1MDB funds made its way into Najib’s personal accounts, over which he faces a total of 42 criminal charges, all of which he has denied.


Category: Malaysia

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