Ku Nan may have agreed to pay R40.3m to settle tax suit: Court doc

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Former federal territories minister Tengku Adnan Tengku Mansor may have settled the Inland Revenue Board’s (IRB) tax suit against him through joint agreement that he only needed to pay RM40.3 million.This is according to a copy of a draft consent order filed on Sept 30 in the Registry of the High Court in Kuala Lumpur.Tengku Adnan had on Sept 23 settled an RM57.17 million tax suit filed against him by the IRB. However, his counsel S Saravana Kumar declined to disclose the specific details of the consent order that was recorded by the High Court.The amount stated in the draft Consent Order, RM40.3 million, is nearly RM17 million less than the RM57.17 million initially sought by IRB when it filed the legal action against Tengku Adnan.The draft Consent Order states that Tengku Adnan and IRB agree for amendment to the additional assessment notices for the assessment years 2012 to …