Current:Home > StocksMalaysia’s Appeals Court upholds Najib’s acquittal in one of his 1MDB trial -Ascend Wealth Education
Malaysia’s Appeals Court upholds Najib’s acquittal in one of his 1MDB trial
View
Date:2025-04-15 17:33:39
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! (4)
Related
- Former longtime South Carolina congressman John Spratt dies at 82
- 2 more officers shot to death in Mexico's most dangerous city for police as cartel violence rages: It hurts
- This week on Sunday Morning (July 14)
- Top Biden aides meet with Senate Democrats amid concerns about debate
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Gary Ginstling surprisingly quits as New York Philharmonic CEO after 1 year
- Neutral Milk Hotel's Julian Koster denies grooming, sexual assault accusations
- You Won't Believe How Many Crystals Adorn Team USA's Gymnastics Uniforms for 2024 Olympics
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Asia’s richest man Mukesh Ambani is set to throw a grand wedding for his son. Here’s what to know
Ranking
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Social Security recipients could see the smallest COLA increase since 2021. Here's what to expect.
- Jon Stewart says Biden is 'becoming Trumpian' amid debate fallout: 'Disappointed'
- Neutral Milk Hotel's Julian Koster denies grooming, sexual assault accusations
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- A fourth person dies after truck plowed into a July Fourth party in NYC
- Don't let AI voice scams con you out of cash
- The Daily Money: Are bonds still a good investment?
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
US Government Launches New Attempt to Gather Data on Electricity Usage of Bitcoin Mining
CJ Perry aka Lana has high praise for WWE's Liv Morgan, talks AEW exit and what's next
Mother of the ‘miracle baby’ found crawling by a highway faces a murder charge in older son’s death
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
Arrest Made in Cold Case Murder of Teenager Elena Lasswell 20 Years Later
Andy Samberg reveals reason for his 'SNL' exit: 'I was falling apart in my life'
Amazon Prime Day presents opportunities for shoppers, and scammers too