KUALA LUMPUR, Jan 30 — An individual has been declared bankrupt after failing to settle income tax arrears of RM15 million for the assessment years from 2011 to 2017.
The order was issued after the High Court rejected an application yesterday by Sayyid Shah Abdullah, 51, to stay the bankruptcy proceedings filed by the Malaysian government.
Inland Revenue Board (LHDN) counsel Qhistina Mohd Apandi, representing the government, said the bankruptcy proceedings were filed after the High Court on April 20, 2022, granted the government’s application for a direct judgment against the defendant over RM14,463,166.14 in income tax arrears for the assessment years 2011 to 2017.
“This includes the tax assessed and now due to the Malaysian government. The bankruptcy proceedings, initiated on January 27, 2023, began with the filing of a bankruptcy notice and have continued for several years following multiple applications.
“Ultimately, the court issued a bankruptcy order against Sayyid Shah,” she told the media today.
The proceedings yesterday were held in the chambers of the High Court's senior assistant registrar Norbert Liew Chee Vui, with counsel Lee Teong Hooi representing Sayyid in attendance.
