Viral letter: In a personal letter that has gone viral, Lee says he made the decision to liquidate or sell his personal assets and companies in January of this year after the IRB took action to recover unpaid taxes and hired consultancy firm PKF to oversee the process of selling his assets.
Money will be used to pay off taxes owed, but analysts do not think he will sell stake in CHHB
THE seizure of Tan Sri Lee Kim Yew’s money by the Inland Revenue Board (IRB) to pay taxes owed by a subsidiary of Country Heights Holdings Bhd
(CHHB) has taken a new twist, as the founder of the property company now says he is planning to dispose all his personal assets.
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