Politics · Malaysia Bureau
Najib's bank accounts frozen; cannot pay RM50m fine, counsel argues
Former Prime Minister Datuk Seri Najib Razak faces financial constraints in meeting a RM50 million penalty, according to his legal representatives. The assertion comes as his bank accounts remain frozen following legal proceedings.
LSN Malaysia ·
KUALA LUMPUR — Legal counsel for former Prime Minister Datuk Seri Najib Razak has argued that their client lacks the financial means to pay a RM50 million fine imposed by the courts, citing frozen bank accounts as a primary obstacle.
The claim underscores the mounting financial pressures facing Najib as he navigates multiple legal challenges. Court-ordered asset freezes have effectively restricted his access to liquid funds, according to his representatives, preventing immediate settlement of the substantial monetary penalty.
Najib has faced numerous legal proceedings related to allegations of financial impropriety. The former leader has consistently maintained his innocence regarding various charges brought against him since stepping down from office in 2018.
The inability to pay the fine may trigger additional legal consequences, potentially including further court orders or enforcement proceedings. Legal experts note that such cases often involve complex negotiations between defence teams and authorities regarding payment timelines and asset liquidation.