Najib and family face more than RM21bil in financial claims and penalties
KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak and his family face more than RM21 billion in fines, tax claims, civil judgments and other court-imposed financial orders arising from several criminal, tax and civil cases.
Former Malaysian Prime Minister Datuk Seri Najib Razak and his family are facing financial penalties totaling more than RM21 billion due to multiple criminal, tax, and civil cases. Najib was fined RM11.38 billion for abusing power and laundering money in the 1Malaysia Development Bhd (1MDB) criminal case, and ordered to pay an additional RM2.08 billion as a recoverable sum. He has appealed his conviction and sentence.
In a separate civil suit, Najib was ordered to pay US$1.3 billion, or about RM5.25 billion, to SRC International. The execution of this judgment has been stayed pending his appeal. Najib also faces a RM1.69 billion claim from the Inland Revenue Board (IRB) for unpaid income tax and penalties from 2011 to 2017. His bankruptcy proceedings have been stayed pending the resolution of his tax appeal.
Najib's wife, Datin Seri Rosmah Mansor, faces a RM970 million fine after being convicted for corruption charges in the Sarawak solar hybrid case. She was sentenced to 10 years in jail but her appeal remains pending. She also owes RM67.46 million to Lebanon-based jeweller Global Royalty Trading SAL for 43 pieces of unreturned jewelry. Her appeal against this civil judgment has been granted a conditional stay.
Najib's son, Datuk Mohd Nazifuddin, is responsible for a RM37.6 million tax claim by the IRB for additional income tax arrears. Like his parents, his bankruptcy proceedings have been stayed pending his tax appeal.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
