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IRB cancels RM2.44b worth of tax penalties imposed on TNB


KUALA LUMPUR (Jan 1): Tenaga Nasional Bhd (TNB) said the Inland Revenue Board of Malaysia (IRB) had agreed to immediately remit all penalties imposed on TNB for the years of assessment (YAs) 2013 to 2018 amounting to RM2.44 billion (RM2,438,869,963.62) after both parties signed two consent orders in respect of judicial review proceedings for YAs 2015 to 2017 and YA 2018 on Tuesday (Dec 29, 2020).
In a statement to Bursa Malaysia yesterday, government-controlled utility TNB said the IRB will issue the notifications of reduced assessment within 30 days from the date of the consent orders. 
The consent order for a judicial review application in relation to YAs 2015 to 2017 was recorded before the High Court on Dec 30, 2020, and the consent order for a judicial review application in relation to YA 2018 is awaiting to be recorded before the High Court at the earliest opportunity. ....

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Year of high profile verdicts, 2 get jail & fine, others freed


Year of high profile verdicts, 2 get jail & fine, others freed
28 Dec 2020 / 08:28 H.
KUALA LUMPUR: 2020 has indeed been an eventful year for the country’s judiciary with verdicts made over several high profile cases, with the most prominent, involving former Prime Minister Datuk Seri Najib Tun Razak.
Other court cases that took centre stage this year included on 1Malaysia Development Berhad (1MDB) scandal, corruption, criminal breach of trust (CBT) and money laundering which involved prominent leaders in the country.
On July 28, former prime minister Datuk Seri Najib Tun Razak was sentenced to 12 years’ jail and RM210 million fine by High Court Judge Mohd Nazlan Mohd Ghazali after finding him guilty on seven charges of CBT, money laundering and abuse of position involving RM42 million of SRC International Sdn Bhd funds. ....

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2020: A notable year in Malaysian courts


The Palace of Justice in Putrajaya.
KUALA LUMPUR (Bernama): 2020 has been an eventful year for the country s judiciary, with verdicts delivered for several high-profile cases – the most prominent involving former prime minister Datuk Seri Najib Tun Razak.
Other court cases that took centre stage this year involved the 1Malaysia Development Berhad (1MDB) scandal, including corruption, criminal breach of trust (CBT) and money laundering trials involving prominent leaders in the country.
On July 28, former prime minister Datuk Seri Najib Tun Razak was sentenced to 12 years jail and a RM210mil fine by High Court Judge Mohd Nazlan Mohd Ghazali after finding him guilty on seven charges of CBT, money laundering and abuse of position involving RM42mil of SRC International Sdn Bhd funds. ....

United States , Kuala Lumpur , Musa Aman , Mahathir Mohamad , Aik Guan , Azilah Hadri , Jalan Semarak , Mohd Isa Samad , Altantuya Shaariibuu , Mohd Shafie Apdal , Phang Li Koon , Justice Mohd Nazlan , Datuk Ahmad Kamal , Mohd Nazlan Ghazali , Tengku Adnan Mansor , Mohamed Zaini Mazlan , Mohd Nazlan , Datuk Muhammad Jamil Hussin , Pakatan Harapan , Datuk Jahid Noordin Jahim , Tengku Adnan , Rosmah Mansor , Riza Shahriz , Lim Guan Eng , Riza Shahriz Abdul Aziz , Guan Eng ,