This is the latest in the case of companies being forced to sell assets in order to pay tax bills. On Monday, MK Land Holdings Bhd also disposed of a parcel of leasehold land in Kamunting Perak for RM72mil. (File pic of Lee Kim Yew)
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).
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