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Malaysia ex-PM Najib served with bankruptcy notice over $400 million tax bill – Reuters

By Reuters Staff

3 Min Read

KUALA LUMPUR (Reuters) – Malaysias former prime minister Najib Razak has been served with a bankruptcy notice for failing to pay more than $400 million in unpaid taxes, a move that the ex-premier described as an attempt to destroy his political career.

FILE PHOTO: Former Malaysian Prime Minister Najib Razak reacts during a break at Kuala Lumpur High Court in Kuala Lumpur, Malaysia, February 5, 2020. REUTERS/Lim Huey Teng

Najib, who lost a historic election in 2018, is facing dozens of corruption and money laundering charges over the suspected theft of billions of dollars from 1Malaysia Development Berhad, a state fund he co-founded.

He has denied wrongdoing and on Monday launched a court appeal to set aside his con…

Read the full article at: https://www.reuters.com/article/us-malaysia-politics-najib-idUSKBN2BU09L

Category: BankruptcyBy Insolvency GuardianApril 22, 2021

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Malaysia ex-PM Najib served with bankruptcy notice over $400 million tax bill – Reuters

By Reuters Staff

3 Min Read

KUALA LUMPUR (Reuters) – Malaysias former prime minister Najib Razak has been served with a bankruptcy notice for failing to pay more than $400 million in unpaid taxes, a move that the ex-premier described as an attempt to destroy his political career.

FILE PHOTO: Former Malaysian Prime Minister Najib Razak reacts during a break at Kuala Lumpur High Court in Kuala Lumpur, Malaysia, February 5, 2020. REUTERS/Lim Huey Teng

Najib, who lost a historic election in 2018, is facing dozens of corruption and money laundering charges over the suspected theft of billions of dollars from 1Malaysia Development Berhad, a state fund he co-founded.

He has denied wrongdoing and on Monday launched a court appeal to set aside his con…

Read the full article at: https://www.reuters.com/article/us-malaysia-politics-najib/malaysia-ex-pm-najib-served-with-bankruptcy-notice-over-400-million-tax-bill-idUSKBN2BU09L?il=0

Category: BankruptcyBy Insolvency GuardianApril 7, 2021

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