Najib Razak, Prime Minister of Malaysia from 2009 to 2018 | The leading source of data, research, information & resource for investment managers, professional investors, UHNW & HNW investors, and advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more

This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.

Former Prime Minister of Malaysia Najib Razak Faces Bankruptcy Notice for $408 Million in Unpaid Taxes

8th April 2021 | Singapore

Najib Razak, the former Prime Minister of Malaysia from 2009 to 2018, had been served with a bankruptcy notice for failing to pay $408 million (MYR 1.69 billion) in unpaid taxes.

” Former Prime Minister of Malaysia Najib Razak Faces Bankruptcy Notice for $408 Million in Unpaid Taxes “

In 2020, Najib Razak was served with a tax notice to pay taxes, penalties and interest of $408 million (MYR 1.69 billion), for receiving billions of funds into his personal account.

Ads & Announcements

USDMYR ~ 4.14 (1 USD = 4.14 Ringgit)


Najib Razak Facebook Post

Najib Razak, Prime Minister of Malaysia from 2009 to 2018

In a Facebook post on 6th April 2021 (Tuesday), Najib Razak commented (In Malay Language) that the bankruptcy notice is an attempt to destroy his political career.  If declared bankrupt, he will not be able to have an official role in politics, would lose his seat as a member of parliament and not stand as an election candidate in future elections.


Najib Razak Facing 1MDB Charges

Kuala Lumpur, Malaysia

Najib Razak is currently facing corruption and money laundering charges over suspected theft of billions of dollars from 1MDB.

1MDB was Malaysia’s Sovereign Wealth Fund (SWF), of which around $4.5 billion was stolen from the fund, and with the fund being saddled with more than $11 billion of debts.

Founded in 2009 shortly after Najib Razak became Malaysia’s Prime Minister, 1MDB (1Malaysia Development Bhd) was set up as a sovereign investment fund to finance infrastructure projects and related economic projects to spur economic growth in Malaysia.

It became a political and financial scandal as the key businessman Jho Low who is believed to have masterminded the plan, had diverted the 1MDB funds to fund his personal and associates’ lifestyle, including making the Hollywood movie: Wolf of Wall Street, buying a $250 million yacht (Equanimity) and $35 million Bombardier private jet, giving lavish gifts to Victoria secret model Miranda Kerr and Hilton hotel heiress Paris Hilton, investing in luxury real estates, paintings and many more.


1MDB Settlement, Goldman Sachs & AmBank

Goldman Sachs, United States

In July 2020, Goldman Sachs agreed to pay $3.9 billion to the Government of Malaysia to resolve all 1MDB criminal and regulatory proceedings.  With the $3.9 billion settlement, the Government of Malaysia will withdraw all criminal charges and no further charges will be brought against Goldman Sachs, its subsidiaries, or any of their employees, except for former employees Tim Leissner and Roger Ng.

In March 2021, AMMB Holdings (AmBank Group) have agreed to a $700 million (MYR 2.83 billion) global settlement for AmBank Group’s involvement in Malaysia’s sovereign wealth fund 1MDB.  The $700 million (MYR 2.83 billion) settlement amount is in addition to the $13.2 million (MYR 53.7 million) penalty already imposed by Bank Negara Malaysia (BNM) and paid by the AmBank Group.





2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM

Register Below
Latest 2022 data & reports, insights & news
Every Saturday & Sunday 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

For Investors | Professionals | Executives

New to Caproasia?
Join 10,000 +
Learn More | Sign Up Today

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Subscribe / Sign Up / Contact Us

    Mailing ListFree TrialInvestor $680 YearlyProfessional $680 YearlyExecutive $2,000 Yearly

    Private WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights

    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014

    Web links may be disabled on mobile for security.
    Please click on desktop.

    Previous article$2 Trillion Asset Manager Amundi to Buy $147 Billion ETF Pioneer Lyxor for $978 Million
    Next article$342 Billion Investment Firm KKR Raises $15 Billion for Asia Fund covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia