Certainties in life

The maxim of ‘Certainties in life; death and taxes’. Its editable and now captains of industry from key firms who have had done dodgy dealings to be investigated by inland Revenue Board offices and experts . successful entrepreneur Tan Sri Mokhzani Mahathir.

FMT story:

Mokhzani Mahathir’s company office raided by the IRB

| August 9, 2017

This follows a claim by his father, Dr Mahathir Mohamad, that the former PM’s friends and those connected to him are being harassed by the government.


PETALING JAYA: The office of one of Mokhzani Mahathir’s companies was raided by the Inland Revenue Board (IRB) yesterday, about three months after the board went after his father’s friend, businessman Lee Kim Yew.

A source close to former prime minister Dr Mahathir Mohamad’s family confirmed this with FMT, and said that the office raided belonged to Kencana Capital Sdn Bhd, owned by Mokhzani.

The source was not able to provide any information on why the raid was conducted, or how long it lasted.

Mokhzani, Mahathir’s second son, was included in Forbes’ 2017 list of “Malaysia’s 50 Richest”, with a net worth of US$420 million (RM1.8 billion).

He is a founding member of SapuraKencana Petroleum Bhd, and the sole owner of Kencana Capital Sdn Bhd. He was also the chairman of the Sepang International Circuit before stepping down from the post last year.

Mahathir has in the past, claimed that his friends and those thought to be connected to him were being harassed by the government, including through the IRB.

Mahathir, who is now the biggest critic of Prime Minister Najib Razak, also slammed the IRB’s probe on his friend, Lee, saying it showed the “depths to which the government of Malaysia, its prime minister and civil servants have sunk”.

In a letter Lee wrote last May, the businessman claimed he was being investigated under criminal laws instead of civil laws, and that this had caused him to liquidate his assets to settle the income tax bill.

Lee, the executive chairman of Country Heights Holdings Bhd (CHHB), said in the letter: “I would like all my friends to know that I don’t have any personal tax liability. In fact, I have a surplus tax credit with IRB.”

FMT has contacted the IRB and is awaiting a response.


It is quite about average practice to scrutinise, sometimes do a forensic audit, on an entrepreneur’s wealth, especially his diligence to file in his annual returns. So many big stars, celebrities and capital and debt market key personalities and leaders

Published in: on August 9, 2017 at 23:45  Comments (1)