Malaysia’s Najib Served With Bankruptcy Notice Over Tax Bill

  • Ex-PM says he has asked his lawyer to obtain a stay order
  • Becoming bankrupt would mean he would lose parliamentary seat
Najib Razak, center, at the Kuala Lumpur Courts Complex in Kuala Lumpur, earlier in January. Photographer: Samsul Said/Bloomberg
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Malaysia’s former prime minister Najib Razak said he was served with a bankruptcy notice by the Inland Revenue Board for failing to pay a tax bill totaling 1.74 billion ringgit ($420 million).

He said the “tyrannical” tax imposed on him has no merit and has asked his lawyer to obtain a stay order, according to his Facebook post late Tuesday. “I will use all my capabilities to come up with the best appeal alongside my lawyers, to help the wise judges make a decision that is based on truth.”