KUALA LUMPUR (BLOOMBERG) - Former Malaysian prime minister Najib Razak faltered in his bid to get a High Court to halt bankruptcy proceedings against him for failing to pay a tax bill totalling RM1.74 billion (S$560 million).
Kuala Lumpur High Court Judge Ahmad Bache on Monday (June 14) dismissed Najib’s application for a stay of execution, according to an email exchange between the court and relevant parties.
Separately, the court of appeal will hear Najib’s plea on June 16, according to his lawyer Farhan Shafee.
Monday’s ruling is a blow to Najib, who was slapped with a bankruptcy notice in April just when he began his appeal against his conviction last year on charges in a case involving millions he received from a former unit of troubled state fund 1MDB.