Politics · Malaysia Bureau
Najib's RM50mil fine payment ability hampered by asset freezes
Legal representatives say the former prime minister faces constraints in settling a substantial financial penalty due to ongoing government enforcement actions targeting his assets and bank accounts.
LSN Malaysia ·
Former Prime Minister Najib Razak may struggle to pay a RM50 million fine imposed against him, with his legal team citing frozen assets and active enforcement proceedings by authorities as significant obstacles.
Shafee & Co, representing Najib, has raised concerns that a considerable portion of the former leader's financial resources remain subject to freezing orders and government enforcement actions. These restrictions have effectively limited his access to funds needed to settle the penalty.
The frozen assets encompass bank accounts and properties held in Najib's name, according to the legal firm. The combination of multiple freezing orders and ongoing legal proceedings has created a complex situation that constrains his ability to mobilize funds for the fine payment.
The assertion that "his ability to pay is not entirely in his hands" underscores the complications arising from parallel legal actions against the former prime minister. The situation highlights how concurrent enforcement measures by government authorities can impact a defendant's capacity to fulfill financial obligations imposed by the courts.