Malaysian ex-PM Najib vows to fight bankruptcy over tax bill
KUALA LUMPUR, Malaysia (AP) - Malaysia's former Prime Minister Najib Razak said he had received a bankruptcy notice for failing to pay $ 411 million in taxes.
In a Facebook post, Najib said the bankruptcy notice was released on Tuesday at the end of the first day of a call to overturn his transplant conviction and 12-year prison sentence.
67-year-old Najib has been charged with corruption on multiple occasions after losing the 2018 election to a shocking defeat sparked by public anger over a multi-billion dollar looting of the 1MDB mutual fund he founded. Najib, who denied all misconduct, was found guilty in the first of several trials linked to the scandal last July.
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Najib said he believed the bankruptcy filing was linked to his political party's decision not to cooperate with Prime Minister Muhyiddin Yassin's government in the next general election.
Najib's United Malays National Organization returned to the government as the largest bloc in Muhyiddin's alliance, which took power after overthrowing the previous reformist government that won the 2018 vote. But UMNO has been unhappy to play second fiddle to Muhyiddin's Malay party and is pushing for early elections even though they're not due until 2023.
Najib said he paid all taxes during his tenure, and the court order last year to pay 1.7 billion ringgit ($ 411 million) including fines included an additional assessment that he said was unreasonable.
He said he would lose his seat in parliament and would not be able to run if declared bankrupt.
"I will fight against any attempt to harass and intimidate me by those in power," said Najib, adding that he had asked his lawyers to request a suspension of the bankruptcy proceedings.
Najib remains an influential party member despite his legal proceedings.
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