KUALA LUMPUR: A court in Malaysia will on Wednesday deliver its verdict on an appeal by former premier Najib Razak over his conviction in a case related to a corruption scandal at 1Malaysia Development Bhd (1MDB), a state fund he co-founded.
The following are details of the scandal and the cases brought against him:
WHAT IS 1MDB?
1MDB was a sovereign fund set up in 2009 with the help of Malaysian financier Jho Low to promote economic development.
Najib chaired its advisory board until 2016.
HOW DID BILLIONS GO MISSING?
1MDB raised billions of dollars in bonds for use in investment projects and joint ventures between 2009 and 2013.
The U.S. Department of Justice (DoJ) said $4.5 billion was diverted to offshore bank accounts and shell companies, many linked to Low. Malaysian authorities say billions more remain unaccounted for.
The siphoned funds were used to buy luxury assets and real estate for Low and his associates, including a private jet, a superyacht, hotels, jewelry, and to finance the 2013 Hollywood film "The Wolf of Wall Street", U.S. lawsuits have said.
Low, who has been charged in Malaysia and the United States over his central role in the case, denies wrongdoing and his whereabouts is unknown.
WHAT ARE THE CASES AGAINST NAJIB?
Authorities say Najib illegally received more than $1 billion traceable to 1MDB.
Najib, voted out in a 2018 election amid public anger over the scandal, is facing 42 charges of criminal breach of trust, abuse of power and money laundering over losses at 1MDB and other state entities.
If convicted, he could face decades in prison as well as hefty fines.
Last year, in the first of five trials, he was sentenced to 12 years in prison and a $50 million fine after being found guilty of seven charges for illegally receiving $10 million from SRC International, a former 1MDB unit.
Other trials he faces involve funds at 1MDB and other government bodies, as well as allegations of audit tampering. He has plead not guilty to all charges.
WHAT ARE THE STATUS OF THESE CASES?
Defence lawyers say Najib was misled by Low and other 1MDB officials, and that he believed the funds in his accounts were donations from the Saudi royal family.
Najib remains out on bail following his conviction pending the appeal.
He can also appeal further to the Federal Court, if his bid to overturn the conviction fails on Wednesday.
Najib remains on trial in four other cases.
HOW ARE AUTHORITIES INVESTIGATING 1MDB?
At least six countries, including Singapore and Switzerland, have launched financial mismanagement and criminal investigations into 1MDB dealings, in a global probe that has implicated financial institutions and high-ranking officials worldwide.
Last year, U.S. firm Goldman Sachs agreed to pay more than $5 billion, including a record $2.9 billion in the United States, to settle investigations into its role in underwriting $6.5 billion in bond sales for 1MDB.
($1 = 4.2300 ringgit)
Reuters
Wed Dec 08 2021
![EXPLAINER - Malaysian ex-PM Najib and the 1MDB scandal EXPLAINER - Malaysian ex-PM Najib and the 1MDB scandal](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2021-12/51638926291_MALAYSIA.jpg)
Najib, voted out in a 2018 election amid public anger over the scandal, is facing 42 charges of criminal breach of trust, abuse of power and money laundering over losses at 1MDB and other state entities. - REUTERS/Filepic
Enam MP kekal : Tak adil salahkan Speaker - Gobind
Mengenai keputusan mengekalkan enam kerusi Parlimen bekas ahli Bersatu, Gobind Singh Deo berkata tidak adil untuk salahkan Speaker buat keputusan yang diperuntukkan undang-undang.
![Tokan dadah ditahan bersama dua pucuk pistol di Alor Setar Tokan dadah ditahan bersama dua pucuk pistol di Alor Setar](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/51721123744_tokandadah.jpg)
Tokan dadah ditahan bersama dua pucuk pistol di Alor Setar
Polis menahan dua lelaki dan merampas dua pucuk pistol serta pelbagai jenis dadah dalam dua tangkapan di Taman Lam Foong, di Alor Setar.
![Tiada tempat selamat di Gaza, kata ketua PBB Tiada tempat selamat di Gaza, kata ketua PBB](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-06/51719354914_Destroyedbuildings.jpg)
Tiada tempat selamat di Gaza, kata ketua PBB
Beliau berkata tahap pertempuran dan kemusnahan yang melampau di Gaza tidak dapat difahami dan tidak boleh dimaafkan.
![Saya tidak fitnah Lim Guan Eng, cuma jelas tentang siasatan SPRM - Muhyiddin Saya tidak fitnah Lim Guan Eng, cuma jelas tentang siasatan SPRM - Muhyiddin](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/51721121786_MuhyiddinYassin.jpg)
Saya tidak fitnah Lim Guan Eng, cuma jelas tentang siasatan SPRM - Muhyiddin
Muhyiddin memberitahu bahawa beliau tidak memfitnah Lim Guan Eng berhubung isu pengecualian cukai terhadap Yayasan Albukhary.
![Saintis kesan gen bantu rawat kanser pankreas Saintis kesan gen bantu rawat kanser pankreas](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-04/81712376317_TujuanForensik.jpg)
Saintis kesan gen bantu rawat kanser pankreas
Gen HNF4A (Hepatocyte Nuclear Factor 4 Alpha) didapati akan berhenti berfungsi pada tubuh pesakit kanser pankreas.
Pantau Agenda Reformasi: Potensi dan cabaran percambahan e-Sukan di Malaysia
Pengerusi Gabungan Pelajar Melayu Semenanjung (GPMS) Negeri Selangor
merangkap Timbalan Presiden Majlis Belia Negeri Selangor
E-Sukan mampu mencetak nama Malaysia di pentas dunia. Memahami potensi, kekangan dan peranan yang perlu dimainkan semua pihak dalam melahirkan lebih ramai pemain E-Sukan yang berjaya, seterusnya menyokong pembangunan industri E-Sukan negara.
SRG cipta sejarah pasukan Malaysia pertama juarai MSC MLBB 2024
merangkap Timbalan Presiden Majlis Belia Negeri Selangor
E-Sukan mampu mencetak nama Malaysia di pentas dunia. Memahami potensi, kekangan dan peranan yang perlu dimainkan semua pihak dalam melahirkan lebih ramai pemain E-Sukan yang berjaya, seterusnya menyokong pembangunan industri E-Sukan negara.
SRG cipta sejarah pasukan Malaysia pertama juarai MSC MLBB 2024
Jualan kereta di Malaysia diunjur cecah 765,000 unit
Persatuan Automotif Malaysia (MAA) melakukan semakan semula berkaitan sasaran jumlah keseluruhan industri (TIV) kepada 765,000 unit berbanding unjuran awal 740,000 unit untuk 2024. Semakan dibuat disokong oleh persekitaran ekonomi yang positif dan jumlah tempatan tertunggak yang masih berada pada tahap yang baik
Kementerian Digital cari kaedah kurangkan kos pelaksanaan sistem e-invois
Kerajaan sedang mencari kaedah mengurangkan kos pelaksanaan sistem e-invois untuk Perusahaan Kecil dan Sederhana (PKS) selepas sistem itu diwajibkan untuk semua perniagaan pada 1 Julai 2025
Perbelanjaan pengguna dijangka meningkat tahun ini
Perbelanjaan Pengguna Malaysia dijangka meningkat sepanjang tahun ini
dengan unjuran sebanyak RM904.6 bilion, ketika proses pemulihan ekonomi menunjukkan kemajuan pada ketika ini.
dengan unjuran sebanyak RM904.6 bilion, ketika proses pemulihan ekonomi menunjukkan kemajuan pada ketika ini.
![Suspek bunuh Nur Farah Kartini dibawa ke lokasi kejadian Suspek bunuh Nur Farah Kartini dibawa ke lokasi kejadian](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/71721123609_lokasi.jpg)
Suspek bunuh Nur Farah Kartini dibawa ke lokasi kejadian
Suspek kes pembunuhan Nur Farah Kartini Abdullah dibawa ke lokasi kejadian di ladang kelapa sawit di Kampung Sri Keledang, Hulu Bernam, Selangor.
![Rosmah nafi barang kemas, beg tangan, aksesori mewah dibeli hasil aktiviti haram Rosmah nafi barang kemas, beg tangan, aksesori mewah dibeli hasil aktiviti haram](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-05/41716888562_RosmahMansor.jpg)
Rosmah nafi barang kemas, beg tangan, aksesori mewah dibeli hasil aktiviti haram
Datin Seri Rosmah Mansor menegaskan bahawa barang kemas, beg tangan dan barangan mewah lain yang berada dalam milikannya bukan dibeli dengan wang hasil aktiviti haram.
![Noh Omar sah sertai Bersatu berkuat kuasa serta-merta Noh Omar sah sertai Bersatu berkuat kuasa serta-merta](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-06/51687059960_TanSriNohOmar.jpg)
Noh Omar sah sertai Bersatu berkuat kuasa serta-merta
Bekas Pengerusi UMNO Selangor, Tan Sri Noh Omar sah menyertai Parti Pribumi Bersatu Malaysia (Bersatu) berkuat kuasa serta-merta.
![Najib gagal dalam permohonan cabar kewujudan titah adendum jalani tahanan di rumah Najib gagal dalam permohonan cabar kewujudan titah adendum jalani tahanan di rumah](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-06/61718808324_TBNajib.jpg)
Najib gagal dalam permohonan cabar kewujudan titah adendum jalani tahanan di rumah
Mahkamah Tinggi KL tolak permohonan Najib untuk dapatkan kebenaran mulakan semakan kehakiman bagi mencabar kewujudan Titah Adendum.
![Pembelaan Najib dibenar sertai semakan kebenaran keputusan Lembaga Pengampunan Pembelaan Najib dibenar sertai semakan kebenaran keputusan Lembaga Pengampunan](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/51719902869_TBNajibjpg.jpg)
Pembelaan Najib dibenar sertai semakan kebenaran keputusan Lembaga Pengampunan
Najib dibenarkan untuk menyertai prosiding permohonan Badan Peguam Malaysia, bagi mendapatkan kebenaran memulakan semakan kehakiman, di Mahkamah Tinggi di sini, pada Selasa.
![Saman sivil SRC: Ismee sambung beri keterangan 29 Julai Saman sivil SRC: Ismee sambung beri keterangan 29 Julai](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2021-12/41639648016_IsmeeIsmail.jpg)
Saman sivil SRC: Ismee sambung beri keterangan 29 Julai
Perbicaraan kes saman sivil dikemuka SRC International terhadap Datuk Seri Najib Razak di Mahkamah Tinggi akan bersambung pada 29 Julai.
![Penglibatan saya di SRC hanya sebagai 'rubber stamp' - Bekas pengarah Penglibatan saya di SRC hanya sebagai 'rubber stamp' - Bekas pengarah](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-06/51718888330_SubohMdYassin.jpg)
Penglibatan saya di SRC hanya sebagai 'rubber stamp' - Bekas pengarah
Suboh Md Yassin berkata beliau hanya berkhidmat sebagai 'rubber stamp' dalam syarikat itu bagi melaksanakan kehendak Penasihat Emeritusnya, Datuk Seri Najib Razak.
![Najib kawal penuh semua aspek SRC - Bekas pengarah Najib kawal penuh semua aspek SRC - Bekas pengarah](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-06/61718808324_TBNajib.jpg)
Najib kawal penuh semua aspek SRC - Bekas pengarah
Bekas pengarah SRC International Sdn Bhd memberitahu Mahkamah Tinggi di sini hari ini bahawa semua aspek perjalanan syarikat pelaburan strategik itu dikawal penuh oleh Datuk Seri Najib Razak atau mela
![Bicara kes pecah amanah Najib, Mohd Irwan ditangguh 22 Julai Bicara kes pecah amanah Najib, Mohd Irwan ditangguh 22 Julai](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-06/61717472037_MohdIrwanSerigar.jpg)
Bicara kes pecah amanah Najib, Mohd Irwan ditangguh 22 Julai
Hakim membenarkan permohonan Kumaraendran berikutan pihak pembelaan masih belum menerima 48 lagi dokumen berkaitan kes daripada pendakwaan.
![Perbicaraan kes saman sivil SRC terhadap Najib ditangguh ke 19 Jun Perbicaraan kes saman sivil SRC terhadap Najib ditangguh ke 19 Jun](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-06/61718269168_Najib.jpg)
Perbicaraan kes saman sivil SRC terhadap Najib ditangguh ke 19 Jun
Perbicaraan kes saman sivil SRC terhadap Najib Razak dan Nik Faisal Ariff Kamil di Mahkamah Tinggi ditangguhkan ke 19 Jun.
![Tahanan rumah: Mahkamah benar permohonan Najib masukkan dua afidavit Tahanan rumah: Mahkamah benar permohonan Najib masukkan dua afidavit](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-05/71717068377_NajibRazak.jpg)
Tahanan rumah: Mahkamah benar permohonan Najib masukkan dua afidavit
Najib, 71, memfailkan permohonan kebenaran untuk semakan berkenaan di Mahkamah Tinggi di sini pada 1 April, menerusi Tetuan Shafee & Co.