Ku Nan settles RM57m tax suit

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Former federal territories minister Tengku Adnan Mansor has settled a RM57.17 million tax suit against him by the Inland Revenue Board (IRB).Kuala Lumpur High Court judge Azimah Omar recorded the consent judgment during proceedings in chambers today.Tengku Adnan's (above) lawyer S Saravana Kumar confirmed that the parties settled the matter today."Parties have amicably resolved the matter. The terms are not disclosed to the media. It is a settlement."Consent judgment was recorded before the judge," Saravana informed the media after the chamber matter today.IRB was represented by deputy revenue solicitor Hazlina Hussain, senior revenue counsel Norhisham Ahmad, and senior revenue counsel Al-Hummidallah Idrus.Previously, it was reported that IRB and Tengku Adnan were in the midst of trying to settle the tax suit.On Aug 1 last year, online business news portal T…