Najib confirms bankruptcy notice from LHDN

by AFIQ AZIZ/ pic by ARIF KARTONO

Former Prime Minister (PM) Datuk Seri Mohd Najib Razak said he has been served with a bankruptcy notice by the Inland Revenue Board (LHDN).

Najib said the notice was due to his failure to pay a sum of RM1.74 billion of income tax arrears to LHDN from 2011.

The Pekan MP confirmed several media reports on the matter yesterday, stating that he was approached by the tax officer on Monday at his residence.

He, however questioned the timing of the bankruptcy notice served by the tax collector, claiming that the timing of the notice — coming on the first day of his appeal hearing in the  SRC International Sdn Bhd case, was intended to “add salt to an open wound”.

According to the notice he uploaded on his Facebook page, the amount of arrears Najib was supposed to pay was RM1.69 billion, which the arrears dated until July 22, 2020.

However, he was further summoned for another RM45.6 million which accounted for 5% of the annual interest rate of the balance.

Najib described the treatment as unfair, inhumane and politically motivated.

The money, which channeled into his account was said to be meant for political donation for Umno, thus was not supposed to be taxable.

He quoted former LHDN CEO Tan Sri Dr Mohd Shukor Mahfar statement in 2016, who said political donation shall not be subject to taxation.

“How did it happen? This tax case was imposed on me by the PH (Pakatan Harapan) government and has no solid reason or merit whatsoever. It was then continued by the PN government,” he said on his Facebook page yesterday.