Malaysian court orders ex-PM Najib to pay $550m tax bill

Malaysian court orders ex-PM Najib to pay $550m tax bill

A Malaysian court on Wednesday ordered former Prime Minister Najib Razak to settle 1.69 billion ringgit (S$550 million) in unpaid taxes over seven years while he was still in office, according to a report by national newswire Bernama.

Defeated in the 2018 general election amid widespread outrage over allegedly rampant graft in his government, Najib is facing multiple charges of corruption and abuse of power linked to billions of dollars Malaysian prosecutors say was siphoned off from state fund 1Malaysia Development Berhad (1MDB).

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.

Najib has denied all wrongdoing.

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. Tax authorities filed the suit last June to recover unpaid taxes accumulated by Najib between 2011 and 2017, plus penalties and interest.

Najib had served as prime minister from 2009 to 2018. He co-founded 1MDB, from which some $4.5 billion (S$6.2 billion) in assets were stolen, according to US and Malaysian authorities.

A separate court will deliver its verdict in a case against Najib on July 28, the first of several corruption trials he faces linked to the 1MDB scandal.

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

What’s your Reaction?
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0

Share this post

Comments (3)

  • Norma Reply

    I am really thankful to the owner of this website
    who has shared this fantastic post at at this time.

    October 6, 2021 at 5:17 am
  • Madge Reply

    I have to thank you for the efforts you have put in penning this blog.

    I am hoping to see the same high-grade content from you in the
    future as well. In fact, your creative writing abilities
    has encouraged me to get my own, personal website now ;
    )

    October 13, 2021 at 10:28 am
  • Teena Reply

    We are a group of volunteers and starting a new scheme in our community.
    Your website provided us with valuable info to work on. You have done an impressive job and our whole community will be grateful to you.

    October 16, 2021 at 12:43 pm

Leave a Reply

Your email address will not be published. Required fields are marked *