IRB seizes Lee Kim Yew’s fixed deposits in foreign bank

PETALING JAYA: The Inland Revenue Board (IRB) has seized Country Heights Holdings Bhd’s (CHHB) executive chairman and major shareholder Tan Sri Lee Kim Yew’s fixed deposits placed with a foreign-owned bank amounting to RM126mil.  

Lee understood that it was in relation to a tax liability of CHHB’s wholly owned subsidiary, Country Heights Sdn Bhd (CHSB).