High Court rejects bid by Najib and son to halt bankruptcy proceedings

 Judicial commissioner Suhendran Sockanathan @ Saheran Abdullah dismisses the appeals after finding no other form of prejudice that would justify a postponement.

The proceedings were initiated by LHDN after former prime minister Najib Razak and his son, Nazifuddin, failed to settle tax arrears of RM1.69 billion and RM37.6 million, respectively.

PETALING JAYA:

 The Kuala Lumpur High Court today dismissed appeals by former prime minister Najib Razak and his son, Nazifuddin, to stay the bankruptcy proceedings against them for failing to settle RM1.69 billion and RM37.6 million respectively in tax arrears.

Judicial commissioner Suhendran Sockanathan @ Saheran Abdullah dismissed the appeals after finding no other form of prejudice that would justify a postponement, reported Berita Harian.

He also ordered them to pay RM7,000 each in costs.

The ruling affirmed an earlier decision by deputy registrar Kamarul Aris Kamalluddin to dismiss the applications by Najib and Nazifuddin to stay the bankruptcy proceedings against them. - FMT

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