IRB's appeal bid in Najib's bankruptcy case set for hearing on Feb 23
PUTRAJAYA: The Federal Court has fixed Feb 23 next year to hear the Inland Revenue Board’s (IRB) application for leave to appeal against the Court of Appeal’s decision granting former prime minister Datuk Seri Najib Razak a stay of bankruptcy proceedings against him.
The Inland Revenue Board (IRB) has set February 23, 2025 for an appeal hearing in the bankruptcy case against former Prime Minister Datuk Seri Najib Razak. The appeal was confirmed by the lawyer representing Najib during a recent case management session. The IRB's application seeks to overturn the Court of Appeal's decision granting a stay of bankruptcy proceedings to both Najib and his son, Datuk Mohd Nazifuddin.
The Court of Appeal ruled in their favor on September 4, 2024, allowing them to stay the bankruptcy proceedings pending the resolution of additional tax assessments by the Special Commissioners of Income Tax (SCIT). The bankruptcy proceedings arose from High Court decisions granting the IRB summary judgments against Najib and Nazifuddin for unpaid income tax arrears from 2011 to 2017.
The IRB aims to recover RM1.69 billion from Najib and RM37.6 million from Nazifuddin, but they have failed in previous appeals to set aside the summary judgments. Najib is currently serving his prison sentence in house arrest after paying a RM50 million fine. His Majesty Sultan Ibrahim granted him a conditional pardon in September 2024, allowing him to serve the remainder of his sentence under house arrest until August 23, 2028, subject to certain conditions.
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.
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