Malaysia’s ex-premier Najib Razak receives bankruptcy notice from taxman

Najib Razak, ex-prime minister of Malaysia

Malaysia’s former prime minister Najib Razak said he has received a bankruptcy notice from tax authorities for failing to pay a tax bill of 1.74 billion ringgit ($421 million), Bloomberg News reported.

He said the “tyrannical tax” imposed by the Internal Revenue Board on him had no merit and that he has asked his lawyer to obtain a stay order, according to a Facebook post he made on April 6.

Najib said the case relates to three billion ringgit put in an account under his name that was used to receive donations for corporate social responsibilities and political purposes.

The bankruptcy notice came as he began his appeal against his conviction last year on charges in a case involving millions he received from a former unit of troubled state fund 1Malaysia Development Berhad, or 1MDB.

Malaysia’s court ruled in 2020 that Najib must pay 1.69 billion ringgit in taxes, a bill he has disputed, but interest was still running up.

“Salt on bleeding wounds”

“Perhaps the act of giving me a bankruptcy notice on the first day when my case appeal was heard was intended to sprinkle salt on the still-bleeding wounds of injustice or to further embarrass me,” Najib complained on Facebook.

Being declared bankrupt would mean he would lose his parliamentary seat and would be ineligible to contest for party polls and national elections, he said.

Najib has been a vocal critic of the current government despite his party, the United Malays National Organization, being part of the ruling administration.



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Najib Razak, ex-prime minister of Malaysia Malaysia’s former prime minister Najib Razak said he has received a bankruptcy notice from tax authorities for failing to pay a tax bill of 1.74 billion ringgit ($421 million), Bloomberg News reported. He said the “tyrannical tax" imposed by the Internal Revenue Board on him had no merit and that he has asked his lawyer to obtain a stay order, according to a Facebook post he made on April 6. Najib said the case relates to three billion ringgit put in an account under his name that was used to receive donations for corporate...

Najib Razak, ex-prime minister of Malaysia

Malaysia’s former prime minister Najib Razak said he has received a bankruptcy notice from tax authorities for failing to pay a tax bill of 1.74 billion ringgit ($421 million), Bloomberg News reported.

He said the “tyrannical tax” imposed by the Internal Revenue Board on him had no merit and that he has asked his lawyer to obtain a stay order, according to a Facebook post he made on April 6.

Najib said the case relates to three billion ringgit put in an account under his name that was used to receive donations for corporate social responsibilities and political purposes.

The bankruptcy notice came as he began his appeal against his conviction last year on charges in a case involving millions he received from a former unit of troubled state fund 1Malaysia Development Berhad, or 1MDB.

Malaysia’s court ruled in 2020 that Najib must pay 1.69 billion ringgit in taxes, a bill he has disputed, but interest was still running up.

“Salt on bleeding wounds”

“Perhaps the act of giving me a bankruptcy notice on the first day when my case appeal was heard was intended to sprinkle salt on the still-bleeding wounds of injustice or to further embarrass me,” Najib complained on Facebook.

Being declared bankrupt would mean he would lose his parliamentary seat and would be ineligible to contest for party polls and national elections, he said.

Najib has been a vocal critic of the current government despite his party, the United Malays National Organization, being part of the ruling administration.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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