Business · Malaysia Bureau
Court delays bankruptcy proceedings for Najib, son over RM1.7bn tax debt
Malaysia's Court of Appeal has found that the High Court failed to properly exercise discretion when rejecting an application by former prime minister Najib Razak and his son to suspend bankruptcy proceedings. The decision addresses disputes over outstanding tax liabilities totalling RM1.7 billion.
LSN Malaysia ·
The Court of Appeal has determined that the High Court did not adequately exercise its judicial discretion when it rejected a bid by Najib Razak and his son to halt bankruptcy proceedings linked to a substantial tax debt, according to court findings released on Tuesday. The appellate court's ruling suggests the lower court may not have given sufficient consideration to the merits of the suspension application. The two applicants had sought to postpone the bankruptcy case amid the disputed tax obligation, which stands at RM1.7 billion. The Court of Appeal's intervention indicates potential procedural irregularities in how the High Court handled the case, though full details of the appellate decision remain under review. Legal experts suggest the ruling may open pathways for further deliberation on whether bankruptcy proceedings should proceed concurrent with the tax dispute resolution. The case underscores ongoing legal complexities surrounding Najib Razak's financial and legal entanglements following his departure from office in 2018.