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Malaysian ex-PM ordered to pay nearly 400-mln-USD tax bill

A Malaysian court on July 22 ordered former Prime Minister Najib Razak, related to the 1Malaysia Development Berhad (1MDB) fund, to settle 1.69 billion ringgit (397.41 million USD) in unpaid taxes over seven years while he was still in office, the National News Agency Bernama of Malaysia reported.
Malaysian ex-PM ordered to pay nearly 400-mln-USD tax bill ảnh 1Malaysian former Prime Minister Najib Razak (Photo: AFP/VNA)

Hanoi (VNA) - AMalaysian court on July 22 ordered former Prime Minister Najib Razak, related to the 1Malaysia Development Berhad (1MDB)fund, to settle 1.69 billion ringgit (397.41 million USD) in unpaidtaxes over seven years while he was still in office, the NationalNews Agency Bernama of Malaysia reported.

Bernama quoted High Court judge Ahmad Bache assaying that former premiers are not exempt from paying tax and that Najib mustpay his "debt" to the government.

Previously, in June, Malaysian tax authorities filed a suit to recover unpaidtaxes accumulated by Najib between 2011 and 2017, plus penalties and interest.

A separate court will deliver its verdict in a case against Najib on July 28,the first of several corruption trials he faces linked to the 1MDB scandal.

Najib served as prime minister from 2009 to 2018. He founded the 1MDB in 2009 with the aim ofboosting the country’s socio-economic development. Malaysian and Americaninvestigators believe that the fund has looted about 4.5 billion USD, about 1billion USD of which was sent to Nazib’s personal bank account.

Corruption charge in the scandal contributedto Nazib’s losing power at the general election on May 9, 2018. At least sixcountries are investigating the scandal./.
VNA
#Malaysian court #Prime Minister Najib Razak #1MDB fund #unpaid taxes #Vietnamplus #Vietnam news #Vietnam News Agency Malaysia
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