Armada Funds Case: Syed Saddiq To Know His Fate Tomorrow

KUALA LUMPUR, June 29 (Bernama) -- Muar MP Syed Saddiq Syed Abdul Rahman will learn his fate tomorrow on whether he will remain free or be ordered to serve a prison sentence over charges involving criminal breach of trust, misappropriation of property and money laundering linked to Angkatan Bersatu Anak Muda (Armada) funds.

A three-judge panel of the Federal Court comprising Court of Appeal President Datuk Seri Abu Bakar Jais, Datuk Che Mohd Ruzima Ghazali and Datuk Collin Lawrence Sequerah is scheduled to deliver its decision on the prosecution’s final appeal against Syed Saddiq’s acquittal at 9 am.

The appeal was heard over two days, with submissions concluded before the panel on Dec 12, 2025.

During the proceedings, the prosecution was represented by Deputy Public Prosecutors Datuk Wan Shaharuddin Wan Ladin, Datuk Ahmad Akram Gharib and Farah Ezlin Yusop Khan, while Syed Saddiq was represented by lawyer Datuk Hisyam Teh Poh Teik.

On Dec 12, 2025, Judge Abu Bakar, who led the three-judge panel, granted the prosecution a one-week ‘cooling-off’ period to review its appeal against Syed Saddiq’s acquittal after both parties completed their submissions.

In an unprecedented turn, he said the prosecution must deliberate and formally declare its position on whether to proceed with the appeal.

On Dec 17, 2025, the Attorney General's Chambers informed the Federal Court deputy registrar in a letter that Attorney General had instructed the prosecution to continue with the appeal and that it would abide by any court decision.

Previously, on June 25, 2025, the Court of Appeal had discharged and acquitted Syed Saddiq, 33, after allowing his appeal to overturn the High Court's decision of Nov 9, 2023, which had sentenced him to seven years' imprisonment, two strokes of the cane, and a fine of RM10 million.

A day later, the Attorney General's Chambers filed an appeal to the Federal Court.

Syed Saddiq was charged with conspiring with Rafiq Hakim Razali, who was then Armada's assistant treasurer, to commit criminal breach of trust involving RM1 million of Armada's funds at CIMB Bank Berhad, KL Sentral, on March 6, 2020.

The charge was brought under Section 406 of the Penal Code, which carries a maximum penalty of ten years' imprisonment, caning and a fine.

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

In addition, he was accused of committing two money laundering transactions by transferring RM50,000 into his Amanah Saham Bumiputera account.

These 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 fifteen years' imprisonment and a fine of up to five times the value of the proceeds involved.

-- BERNAMA