Najib, son face bankruptcy after Malaysian court’s tax ruling

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The Malaysian High Court has dismissed an appeal by former prime minister Najib Razak and his son, Mohd Nazifuddin Najib, to stay bankruptcy proceedings against them.The bankruptcy proceedings were initiated by the Inland Revenue Board following Najib and Nazifuddin’s failure to settle tax arrears amounting to 1.69 billion ringgit (US$407 million) and 37.6 million ringgit, respectively.Judicial Commissioner Suhendran Sockanathan @ Saheran Abdullah made the dismissal after finding that there...