We know everything about bankruptcy
24/11/2024
Sunday
24 November 
1970 The United States and the USSR ratified the nuclear non-proliferation treaty.
1970 The Central Committee of CPSU restored the national autonomy of the Kalmyks, Karachais, Balkars, Chechens and Ingush.
1970 Charles Darwin published The Origin of Species - the first edition was sold out in a day.
EX-PRIME MINISTER OF MALAYSIA FACES BANKRUPTCY
Najib called the situation an attempt to destroy his political career. The powerful 67-year-old politician faced multiple corruption charges, which forced him to step down in 2018. In particular, Najib was suspected of embezzling billions of dollars between 2009 and 2014 from the 1MDB (1 Malaysia Development Berhad) fund, as he was one of the founders.
In 2020, the court ordered the politician to pay a 1.69 billion ringgit tax bill for 2011-2017, including interest and fines.
The lawsuit, in which the politician was accused of embezzling $ 700 million from the investment fund, ended last summer with Najib's plea of guilty on several charges, including money laundering. Released on bail of $ 250,000, the ex-prime minister appealed against the sentence, according to which he was sentenced to 12 years in prison.
Experts note that the politician has recently been gaining popularity among the electorate, being an active user of social networks. On Facebook, Najib Razak has about 4 million followers (more than any other politician in Malaysia). A few days ago, Razak reported that the tax burden imposed on him for 3 billion ringgit, contributed to his account for political donations and social commitments, is "tyrannical" and has no legal basis.
He received bankruptcy notice almost immediately after the first hearing on his appeal against last year's verdict took place.
According to Razak, the goal of such a move is "to sprinkle salt on the still bleeding wounds of injustice or to confuse more." If Najib is declared bankrupt, he will lose his seat in parliament. What is more, the former prime minister will not be able to participate in intraparty elections and take part in national elections.
Earlier, a Singapore court convicted a local blogger, ordering him to pay a large fine of $ 98.8 thousand. At the end of 2018, on his social media page, he posted a link to a publication claiming that the Prime Minister of Singapore had entered into a conspiracy with Najib Razak to illegally withdraw the stolen funds of the 1MDB fund through banks in Singapore. The court found the content of the publication defamatory.
