KUALA LUMPUR, Malaysia—Former Malaysian Prime Minister Najib Razak lost an appeal against his conviction last year on charges related to his role in one of the world’s largest financial scandals, dealing a setback to the disgraced ex-leader amid a resurgence of his political clout.

Malaysia’s appellate court struck down the appeal on Wednesday, upholding Mr. Najib’s conviction last year on all seven of the charges in question, including abuse of power, money laundering and criminal breach of trust. Justice Abdul Karim Abdul Jalil said the court’s three-member bench was unanimous in its decision.

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