Disgraced former Malaysian Prime Minister Najib Razak faces bankruptcy for allegedly failing to pay U.S. $421 million in taxes and penalties, which could end his political career.
Najib said late Tuesday that the countrys tax board served him a bankruptcy notice allegedly for unpaid personal income taxes from 2011 to 2017, in retaliation for his political party deciding to break up with the ruling coalition in the next general election.
What are the consequences of this bankruptcy notice? I will be losing status as the Pekan Member of Parliament and a by-election would be held, Najib said in a Facebook post.
He was referring to a rule that strips a person of their parliamentary seat and bars him or her from contesting elections if decl…
Read the full article at: https://www.benarnews.org/english/news/malaysian/bankruptcy-claim-04072021180334.html
