Malaysia's Ex-PM Najib Fails in Bid to Admit New Evidence in Final 1MDB Appeal

Malaysia's top court on Tuesday denied a request by former Prime Minister Najib Razak to introduce new evidence in his final appeal against a 12-year jail sentence for a case linked to the multibillion-dollar 1MDB financial scandal, Reuters reported. Najib faces dozens of charges over the alleged theft of $4.5 billion from 1MDB, a state fund he co-founded as premier in 2009, in a wide-ranging scandal that has ensnared high-ranking officials and financial institutions stretching from Hollywood to the Middle East. In the first of several trials, he was convicted in July 2020 for 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). An appeals court upheld the verdict last year. Najib, who has pleaded not guilty to all charges, replaced his legal team just three weeks before his final appeal at the Federal Court began Monday. Out on bail pending the hearings, he could become the country's first prime minister, former or sitting, to be jailed if the appeal fails. Read more.