The Penang High Court has granted the Inland Revenue Board’s (IRB) application for a summary judgment to recover RM1.05 billion in tax arrears from fugitive businessperson Low Taek Jho, or Jho Low.

Judicial commissioner Kenneth Yoong Ken Chinson St James in his decision yesterday ruled that there was neither a triable issue nor “some other reason” for there to be a trial to determine this statutory tax claim of RM1,053,972,936.58.

“I, therefore, allow IRB’s application to...