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Malaysia's Najib served with bankruptcy notice for failing to pay tax bill

Bloomberg
Bloomberg4/7/2021 12:29 PM GMT+08  • 2 min read
Malaysia's Najib served with bankruptcy notice for failing to pay tax bill
Najib said the “tyrannical” tax imposed on him has no merit and has asked his lawyer to obtain a stay order.
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Malaysia’s former prime minister Najib Razak said he was served with a bankruptcy notice by the Inland Revenue Board for failing to pay a tax bill totalling 1.74 billion ringgit ($564.0 million).

He said the “tyrannical” tax imposed on him has no merit and has asked his lawyer to obtain a stay order, according to his Facebook post late Tuesday. “I will use all my capabilities to come up with the best appeal alongside my lawyers, to help the wise judges make a decision that is based on truth.”

Najib said the case relates to 3 billion ringgit put in an account under his name that was used to receive donations for corporate social responsibilities and political purposes.

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