Current:Home > FinanceMalaysia’s Appeals Court upholds Najib’s acquittal in one of his 1MDB trial -Blueprint Wealth Network
Malaysia’s Appeals Court upholds Najib’s acquittal in one of his 1MDB trial
View
Date:2025-04-12 09:18:27
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! (9238)
Related
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- You Might’ve Missed This Sweet Moment Between Travis Kelce and Taylor Swift From Coachella 2024
- NBA playoffs: Who made it? Bracket, seeds, matchups, play-in tournament schedule, TV
- Kamala Harris blames Trump for abortion bans during Arizona visit
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Roberto Cavalli, Italian fashion designer known for his sexy style, dies at 83
- Bayer Leverkusen wins its first Bundesliga title, ending Bayern Munich's 11-year reign
- The best (and worst) moments of Coachella Day 2, from No Doubt's reunion to T-Pain's line
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Pregnant Jenna Dewan Seeking Millions From Ex Channing Tatum’s Magic Mike Income
Ranking
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Taylor Swift says Ryan Gosling, Emily Blunt's 'All Too Well' cover on 'SNL' was 'everything'
- Off the Grid: Sally breaks down USA TODAY's daily crossword, Smack Dab in the Middle
- AP Source: General Motors and Bedrock real estate plan to redevelop GM Detroit headquarters towers
- The Daily Money: Spending more on holiday travel?
- Stock market today: Asian stocks track Wall Street’s decline as Middle East tensions escalate
- Everything you need to know about hyaluronic acid, according to a dermatologist.
- Ryan Reynolds' Latest Prank Involves the Titanic and That Steamy Drawing
Recommendation
How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
Peso Pluma addresses narcocorrido culture during Coachella set, pays homage to Mexican music artists
Stock market today: Asian stocks track Wall Street’s decline as Middle East tensions escalate
Bitcoin ETF trading volume tripled in March. Will that trend continue in April?
Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
The IRS is quicker to answer the phone on this Tax Day
Sunday Morning archives: Impressionism at 150
RHOP Star Mia Thornton's Estranged Husband Gordon Shares Bipolar Diagnosis