June 16, 2024

New Malaysia Times

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Najib fails to reinstate suit against bank, ex-officer for negligence


Putrajaya, Jan 27 — The Court of Appeal has dismissed an appeal by Datuk Seri Najib Razak to reinstate his lawsuit against Joanna Yu, AmBank Islamic Bhd, and AMMB Holdings Bhd.

In a unanimous decision, a three-man panel chaired by Justice Yaacob Md Sam ruled that there was no appealable error by the learned High Court judge that could warrant appellate intervention.

“We find no merit in this appeal and therefore dismiss this appeal respectively with costs.”

The bench ordered Najib to pay RM40,000 in costs to the bank and another RM35,000 to Joanna Yu, a former relationship manager with the bank, who were named as respondents in the appeal.

Justices Hadhariah Syed Ismail and Ahmad Zaidi Ibrahim also sat on the panel during a Zoom proceeding here.


Najib was appealing a September 2020 Kuala Lumpur High Court decision which allowed an application by Yu and the AmBank entities to strike out the lawsuit on the grounds that the legal action by him was unsustainable.

In her ruling, High Court judge Justice Khadijah Idris found that the plaintiff’s lawsuit was scandalous, frivolous, vexatious and an abuse of the court process.

Najib initiated the legal action on Dec 9, 2019, where he sued AmBank, AMMB Holdings, and Yu as defendants for negligence when handling his bank accounts.

According to the statement of claim, Najib contended that AmBank and Yu had committed negligence by disclosing information to fugitive businessman Low Taek Jho, better known as Jho Low.

Najib claimed that the defendants had disclosed his bank statements, debit and credit remittance transactions, and balances of funds without authorization to Low as the third party.