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Malaysia’s court to decide Nov. 17 whether to pause Najib Razak and son’s bankruptcy over $370M in unpaid taxes.
The Kuala Lumpur High Court will rule on November 17 on an appeal by former Prime Minister Najib Razak and his son Nazifuddin to halt bankruptcy proceedings over unpaid tax debts of RM1.69 billion and RM37.6 million, respectively.
The Inland Revenue Board initiated the actions after they failed to settle liabilities for tax years 2011 to 2017.
The appeal seeks a stay while legal challenges continue, but the court’s decision will determine whether enforcement proceeds.
This follows multiple prior rulings in favor of the government, including the Federal Court’s 2023 dismissal of their final appeal.
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El tribunal de Malasia decidirá el 17 de noviembre si suspenderá la bancarrota de Najib Razak y su hijo por 370 millones de dólares en impuestos impagados.