Tag: Tax Arrears
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High Court Dismisses Najib, Nazifuddin Bankruptcy Stay Bid Over RM1.69b Tax Arrears
High Court Rejects Stay on Bankruptcy Proceedings The Kuala Lumpur High Court has dismissed an appeal by former Malaysian prime minister Datuk Seri Najib Razak and his son Datuk Mohd Nazifuddin Najib to pause bankruptcy proceedings launched by the Inland Revenue Board (IRB) over a combined tax debt totalling more than RM1.7 billion. The ruling…
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High Court Dismisses Najib and Son’s Bid to Pause Bankruptcy Over RM1.69b and RM37.6m Tax Arrears
Background: Bankruptcy Proceedings Against Najib and Nazifuddin The High Court in Kuala Lumpur has rejected a bid by former Malaysian prime minister Datuk Seri Najib Razak and his son Datuk Mohd Nazifuddin to stay or halt bankruptcy proceedings initiated by the Inland Revenue Board (IRB). The lawsuits revolve around substantial tax arrears, including a claim…