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Malaysia's Prime Minister Anwar Ibrahim attends the 26th ASEAN-China Summit at the 43rd ASEAN Summit in Jakarta, Indonesia, on September 6, 2023. Hassan Karim, a lawmaker from Anwar's People's Justice Party, said he felt "let down" by the premier, whom he described as a close friend. The AGC has said it dropped charges against Ahmad Zahid to review new evidence, and reiterated that its decisions were made independently. On Saturday, around 1,000 people turned up at a protest in Kuala Lumpur organised by Malaysia's opposition, calling for Ahmad Zahid to be prosecuted and chanting "reforms are dead." Najib has sought a royal pardon over his conviction and requested other charges that he faces to be reviewed.

Persons: Anwar Ibrahim, Yasuyoshi, Anwar Ibrahim's, Anwar, Ahmad Zahid Hamidi, Najib Razak, Hassan Karim, Ahmad Zahid, Najib, MUDA, Syed Saddiq Syed Abdul Rahman, Syed Ibrahim Syed Noh, Ahmad Zahid's, Wong Chin Huat, Wong, Rozanna Latiff, Danial Azhar, Hasnoor Hussain, Kim Coghill Organizations: Malaysia's, China, ASEAN Summit, 1Malaysia Development, People's Justice Party, Reuters, United Malays National Organisation, Malaysia's Sunway University, Thomson Locations: ASEAN, Jakarta, Indonesia, KUALA LUMPUR, Malaysia, Kuala Lumpur

☆ Malaysia fails to appeal ex-PM Najib's acquittal in 1MDB audit tampering case
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +2 min

Former Malaysian Prime Minister Najib Razak speaks to journalists outside the Federal Court during a court break, in Putrajaya, Malaysia August 23, 2022. Najib, 70, is serving a 12-year jail sentence for another corruption case linked to 1Malaysia Development Berhad (1MDB). The attorney-general's chambers was expected to appeal Najib's acquittal earlier this year of a charge of abusing his position as prime minister to amend a government audit into 1MDB . But Najib's lawyers at Shafee & Co said in a statement, "the prosecution evidently found no grounds for appeal" and did not file the petition. Anwar has maintained that the move to drop the case, which triggered a widespread public backlash, was made without his interference.

Persons: Najib Razak, Lai Seng, Anwar Ibrahim, Anwar, Najib, Ahmad Zahid Hamidi, Danial Azhar, Kanupriya Kapoor Organizations: Malaysian, REUTERS, 1Malaysia Development, Shafee, U.S . Justice Department, Malaysian United Democratic Alliance, Thomson Locations: Putrajaya, Malaysia, KUALA LUMPUR, 1MDB

Bank Negara Malaysia (BNM) maintained its overnight policy rate (OPR) (MYINTR=ECI) at 3.00%, in line with market expectations, and following an unexpected rate hike in May. "At the current OPR level, the monetary policy stance remains supportive of the economy and is consistent with the current assessment of the inflation and growth prospects," the central bank said in a statement. All 27 economists polled by Reuters had expected Bank Negara Malaysia (BNM) to maintain the benchmark rate, with most forecasting no change till the end of the year. BNM said growth prospects in Malaysia could be affected by the risks of weaker-than-expected external demand. The central bank estimates headline inflation to average between 2.8% to 3.8% in 2023, compared with 3.3% last year.

Persons: Mohd Afzanizam Abdul Rashid, BNM, Danial Azhar, Rozanna, Jacqueline Wong Organizations: Bank Negara Malaysia, Bank Muamalat, Reuters, Thomson Locations: KUALA LUMPUR, Bank Muamalat Malaysia, Bank, Malaysia

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