Malaysian court orders ex-PM Najib to pay US$400 million tax bill

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A Malaysian court on Wednesday ordered former Prime Minister Najib Razak to settle 1.69 billion ringgit (US$397.41 million) in unpaid taxes over ...

A separate US Department of Justice investigation to track down assets bought with funds allegedly stolen from 1MDB was the biggest case pursued by the department under its kleptocracy programme.In his ruling, High Court judge Ahmad Bache said former premiers are not exempt from paying tax and that Najib must pay his"debt" to the government, according to the Bernama report.

Najib had served as prime minister from 2009 to 2018. He co-founded 1MDB, from which around US$4.5 billion in assets were stolen, according to US and Malaysian authorities.A separate court will deliver its verdict in a case against Najib on Jul 28, the first of several corruption trials he faces linked to the 1MDB scandal.

Najib's United Malays National Organisation unexpectedly returned to power in a coalition led by Prime Minister Muhyiddin Yassin nearly five months ago, though Najib no longer leads the party.

 

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Court orders former Malaysian PM Najib to pay $550 million in additional income taxKUALA LUMPUR (THE STAR/ASIA NEWS NETWORK) - The Kuala Lumpur High Court on Wednesday (July 22) ordered former Malaysian prime minister Najib Razak to pay additional income tax totalling RM1.69 billion (S$550 million) to the government.. Read more at straitstimes.com.
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Court orders former Malaysian PM Najib to pay $550 million in additional income taxKUALA LUMPUR (THE STAR/ASIA NEWS NETWORK) - The Kuala Lumpur High Court on Wednesday (July 22) ordered former Malaysian prime minister Najib Razak to pay additional income tax totalling RM1.69 billion (S$550 million) to the government.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »