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Malaysia's ex-PM Najib arrives at top court for final leg of 1MDB appeal

By Rozanna Latiff KUALA LUMPUR (Reuters) - Former Malaysian prime minister Najib Razak arrived at the country's top court on Tuesday for the final leg of his appeal to set aside...

By Rozanna Latiff

KUALA LUMPUR (Reuters) - Former Malaysian prime minister Najib Razak arrived at the country's top court on Tuesday for the final leg of his appeal to set aside his corruption conviction and 12-year jail sentence over a case linked to the 1MDB financial scandal.

The Federal Court could potentially deliver its verdict on Tuesday or set a new date for its decision. Malaysian prosecutors wrapped up their arguments on Friday, while Najib's lawyers declined to present their submissions, citing insufficient time to prepare.

Najib arrived just ahead of court proceedings scheduled to start at 9:30 am (0130 GMT). He waved to reporters but did not make any comment.

About a hundred supporters had gathered outside the court, with some shouting "Allahu Akbar" and "Justice for Najib."

Najib, 69, was found guilty in July 2020 of criminal breach of trust, abuse of power, and money laundering for illegally receiving about $10 million from SRC International, a former unit of state fund 1Malaysia Development Berhad (1MDB).

Najib, who pleaded not guilty, was sentenced to 12 years' jail and a 210 million ringgit ($46.84 million) fine.

Prosecutors have said some $4.5 billion was stolen from 1MDB - co-founded by Najib as premier in 2009 - in a wide-ranging scandal that has implicated officials and financial institutions around the world.

Najib, who faces several trials over the allegations, has consistently denied wrongdoing.

The ex-premier replaced his legal team just three weeks before his final appeal at the Federal Court began last week.

Najib has said that his right to a fair trial was at risk, after the court rejected multiple requests to postpone the appeal to allow his new legal team to fully prepare.

His previous lawyers had submitted a written petition ahead of the hearings.

In his submissions, Najib listed 94 reasons why he should be acquitted, including that lower courts had erred in some of their findings.

Prosecutors have said Najib was aware that the funds received in his account were proceeds from "an unlawful activity," and had exercised his position as prime minister, finance minister and advisor to SRC International to obtain the funds.

($1 = 4.4830 ringgit)

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
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 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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