Syed Saddiq graft acquittal verdict fixed for June 30


KUALA LUMPUR: The Federal Court has fixed June 30 to deliver its decision in the prosecution’s appeal against the acquittal of Muar MP Syed Saddiq Syed Abdul Rahman in his graft case linked to Bersatu’s Armada funds.

The date of the decision was communicated to the parties through a letter from the Federal Court.

Deputy public prosecutor Datuk Wan Shaharuddin Wan Ladin confirmed the date when contacted by the press.

A three-judge panel chaired by Court of Appeal president Justice Abu Bakar Jais will preside over the final appeal in the case.

Other judges on the panel are Federal Court judges Justices Che Mohd Ruzima Razali and Collin Lawrence Sequerah.

On June 25 last year, the Court of Appeal acquitted and discharged Syed Saddiq after allowing his appeal to overturn his conviction and the sentence of seven years’ imprisonment, two strokes of the cane, and a RM10mil fine, which had been imposed by the High Court on Nov 9, 2023.

The following day, the Attorney General’s Chambers filed an appeal to the Federal Court.

Syed Saddiq was accused of abetting former Armada assistant treasurer Rafiq Hakim Razali in the criminal breach of trust of RM1mil belonging to Armada, held at CIMB Bank Berhad, KL Sentral, on March 6, 2020.

He was charged under Section 406 of the Penal Code, which carries a maximum penalty of 10 years’ imprisonment, caning and a fine.

He also faced a separate charge of misappropriating RM120,000 belonging to Armada Bumi Bersatu Enterprise under Section 403 of the Penal Code, which carries a penalty of between six months’ and five years’ imprisonment, caning and a fine.

He was also charged with two counts of money laundering, via transactions of RM50,000 each, from his Maybank Islamic Bhd account into his Amanah Saham Bumiputera account.

These two charges were brought under Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, which carries a maximum penalty of 15 years’ imprisonment and a fine of not less than five times the sum or value of the unlawful proceeds.

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