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Alleged Jho Low right-hand man ordered to pay RM67.9m in tax arrears Modified5:30 am - Tan Kim Loong, the alleged right-hand man of 1MDB-linked fugitive Low Taek Jho, has been ordered by the court to pay RM67.9 million in alleged tax arrears. The Kuala Lumpur High Court yesterday allowed the government’s application for the judgment in default of appearance (JID) against Tan. Previously, the government filed tax suits against. All Access Plan ....
Eric Tan ordered to pay RM68 million income tax to goverment (Updated) 04 May 2021 / 15:13 H. Pix for representational purpose only. KUALA LUMPUR: The High Court here has ordered Eric Tan Kim Loong, who is alleged to be an associate of fugitive businessman Low Taek Jho or Jho Low, to pay income tax of RM67,996,891.87 to the Malaysian government after failing to enter an appearance in a suit filed against him by the government through the Inland Revenue Board (IRB). Deputy Registrar Farah Shuhada Ramli issued the order during the case management today. Tan was also ordered to pay interest at the rate of five per cent per annum from the date of judgment until the date of realisation and costs of RM2,000 to the government. ....
KUALA LUMPUR (March 16): The High Court here today allowed for the apartment previously belonged to 1Malaysia Development Bhd s (1MDB) former general counsel Jasmine Loo Ai Swan to be auctioned off. OCBC Bank (M) Bhd, who filed the suit last September over her alleged failure to settle an outstanding loan sum of RM308,375, managed to obtain the court order for the sale of the property today from High Court judge Justice Mohd Nazlan Mohd Ghazali. Lawyer Harry Choe of legal firm Ho, Loke and Koh, who represented OCBC Bank, confirmed that the bank has been granted the court order for the sale of the property and that the auction date has been fixed for June 16, 2021. ....
LAST Friday, the Ministry of Finance (MoF) announced that AMMB Holdings Bhd has agreed to pay RM2.83 billion to the Malaysian government as a global settlement on all outstanding claims and actions in relation to the AmBank Group’s involvement in the 1Malaysia Development Bhd (1MDB) scandal. According to sources, the settlement is related to the banking group’s handling of the RM5.0 billion bond issue by 1MDB in May 2009. The 30-year government-guaranteed bonds, which pay an interest rate of 5.75%, were 1MDB’s first debt and almost all were stolen by Low Taek Jho (better known as Jho Low) and collaborators, including via a purported joint venture with PetroSaudi International Ltd and a quick flip of the bonds. (See The Edge Malaysia, Issue 1271, June 17 to 23, 2019: “Two Malaysians, besides Jho Low, benefited from 1MDB bond flip”.) ....
Tuesday, 23 Feb 2021 05:33 PM MYT BY IDA LIM The news report cited an anonymous source as confirming that the court had recorded a judgment in default against 1MDB s former general counsel or in-house lawyer Jasmine Loo Ai Swan. Picture by Yusof Mat Isa Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, Feb 23 The High Court has granted the Malaysian government a judgment in default (JID) against 1Malaysia Development Berhad’s (1MDB) former general counsel or in-house lawyer Jasmine Loo Ai Swan, in the lawsuit over the RM2.496 million in taxes that she has yet to pay to the government. ....