The Federal Court dismissed an application by Najib Abdul Razak for leave to appeal to lift a Mareva injunction that prevents the former prime minister from dissipating RM42 million worth of assets purportedly from SRC International Sdn Bhd.

A three-person Federal Court bench, chaired by judge P Nallini, denied the former finance minister’s leave to appeal bid and ordered him to pay RM30,000 in costs to SRC International...