KUALA LUMPUR (May 4): The High Court here had today ordered Eric Tan Kim Loong, who is also known as “Fat Eric”, to pay RM68 million in tax arrears from 2010 to 2013 to the Malaysian government following legal action against Tan by the Inland Revenue Board (IRB).
It was reported that Tan is 1Malaysia Development Bhd (1MDB) scandal alleged mastermind Low Taek Jho’s right-hand man. Low is popularly known as Jho Low.
Today, High Court Deputy Registrar Farah Shuhada Ramli meted out the judgment in default of appearance against Tan because he was not present in court for the hearing of the case.
Farah said Tan is also required to pay 5% interest a year starting today for every year he does not pay the RM68 million in tax arrears to the government.
The court had also today issued Tan a certificate of non-appearance before it meted out the judgment against him.
More to come
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