Najib not a bankrupt despite IRB’s notice

Najib Razak will file applications to stay the bankruptcy proceedings and to set aside the bankruptcy notice before May 24. – The Malaysian Insight file pic, May 5, 2017.

FORMER prime minister Najib Razak has yet to be declared bankrupt over his failure to pay RM1.69 billion in additional income tax arrears to the Inland Revenue Board (IRB), according to his counsel.

Lawyer Wee Yeong Kang told reporters that High Court deputy registrar Ida Rahayu Sharif informed the parties concerned that the act of bankruptcy against Najib has not yet occurred even though revenue counsel Athari Faris Ammerry Hussein, who acted for IRB, asked for the act of bankruptcy to be recorded by the court immediately. 

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!

Sign up or sign in here to comment.