RM2.6 billion saga: Is the IRB now in cahoots with Zeti and Shukri Abdull to criminalise Najib?

How the IRB could bill Najib on funds which the former governor of Bank Negara herself claimed in 2015 (via an investigation paper by the MACC) was from abroad is beyond me. Source (pic): TTF Files

Datuk Seri Najib Razak today claimed that foreign funding is not taxable in Malaysia, following a report that he was allegedly being billed for RM1.5 billion in income tax owed to the government.

Najib said he was the custodian of party funds, asserting that part of a RM2.6 billion sum that he was accused of receiving was also alleged to have been channelled to political parties for political work. Najib also claimed to have returned a large part of the RM2.6 billion amount.

TTF: How the IRB could declare tax on funding that was largely returned and is still subject to investigation by the MACC is beyond me.

A 2015 investigation paper prepared by Dato’ Seri Mohd Shukri Abdull found no evidence suggesting that the RM3,197,596,146.28 in Najib’s account – yes, RM3,197,596,146.28, not RM2.6 billion – was from 1MDB as alleged by Pakatan Harapan.

On contraire, the paper bore evidence to the effect that the fund originated from the Kingdom of Saudi Arabia and that the money constituted gifts and donations from the Saudi Royal household.

I have thus far lodged three criminal reports on the matter seeking investigations by the police into a conspiracy that existed between Shukri and the former governor of Bank Negara, Tan Sri Zeti Akhtar Aziz.

Shukri, Zeti dicabar saman NGO isu palsu siasatan RM2.6 billion

I told PDRM that Shukri’s 2015 paper showed clearly that Zeti knew the identities of all concerned in the channelling of the said funds, knew the funds were donations and herself suggested that the funds be parked in Najib’s account.

Part 2: Proof that Zeti and Ambank officials knew the identities of the RM2.6 billion donors


You can trace all disclosures on these reports and related matters by following the links above and below this news item.

RJ Rithaudeen


KUALA LUMPUR: Datuk Seri Najib Razak today claimed that foreign funding is not taxable in Malaysia, following a report that he was allegedly being billed for RM1.5 billion in income tax owed to the government.

Najib noted that the new administration under Pakatan Harapan had previously accused him of receiving billions in funds from foreign sources, but insisted that such funds would not be subject to tax.

“Firstly, political contribution including from the Saudi Arabia Ministry of Finance is not subject to tax under the law.

“Secondly, as is publicly known, income obtained from abroad are not taxable under taxation laws,” the former Umno president claimed in a Facebook post.

Najib said he was the custodian of party funds, asserting that part of a RM2.6 billion sum that he was accused of receiving was also alleged to have been channelled to political parties for political work. Najib also claimed to have returned a large part of the RM2.6 billion amount.

Earlier today, The Edge Financial Daily reported that the Inland Revenue Board (IRB) has billed Najib for an extra RM1.5 billion of income tax which it said was due between 2011 and 2017.

The financial paper quoted anonymous sources saying that Najib had undeclared taxable income of close to RM4 billion during that period — which also included the RM2.6 billion that Najib has insisted was a donation he received from Saudi Arabia.

In his Facebook post today, Najib did not directly confirm receiving such a demand for RM1.5 billion in unpaid taxes or the news report.

But he alleged that the government could leak information on tax matters of any individual to the media if it was beneficial to them politically and even if such details are meant to be confidential in law.

The Edge today also quoted tax experts saying donations are subject to income tax, and Najib have committed an offence by not declaring the RM2.6 billion as his income, regardless of the source.

Last year, Najib had admitted that he did not verify the source of the RM2.6 billion that ended up in his bank account, which had allegedly been siphoned from 1Malaysia Development Bhd (1MDB).

Speaking to Al Jazeera’s 101 East show, the former prime minister said he had assumed the money was “donations” connected to Saudi Arabia’s King Abdullah bin Abdulaziz Al Saud after the latter gave assurance of his support.

Najib is facing multiple charges linked to funds belonging to 1MDB and its former unit SRC International Sdn Bhd.

His first 1MDB-linked trial is set to begin this Wednesday, while another trial is scheduled to start from April 15.

Adapted from:


RELATED ARTICLES:

RM2.6 billion: The untold truth (Part 1)

Zeti and Shukri should be held accountable for the RM2.6 billion controversy

Saudi Minister’s visit a golden opportunity for Mahathir to address RM2.6 billion issue

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