08 Mar 2021 / 17:40 H. Pix for illustration purposes.
KUALA
LUMPUR: The High Court was told today that the withdrawal of RM17.9 million from Yayasan Akalbudi funds was a criminal breach of trust because it did not get the consent of the other the charity foundation’s board of trustees.
Malaysian Anti-Corruption Commission (MACC) investigating officer Muhammad Fazli Zulkifli, 36, said the withdrawal of the money from Yayasan Akalbudi’s Affin Bank account to be transferred to a Maybank account belonging to Messrs Lewis & Co, the foundation’s trustee, was instructed by Datuk Seri Dr Ahmad Zahid Hamidi.
The 93rd prosecution witness said this during re-examination by deputy public prosecutor Sazilee Abdul Khairi, on the 48th day of the trial of the former deputy prime minister, who is facing corruption, abuse of power and money laundering charges involving millions of ringgit in funds from Yayasan Akalbudi.
KUALA LUMPUR (Feb 26): Affin Bank Bhd has reported a net loss of RM9.36 million for the fourth quarter ended Dec 31, 2020 (4QFY20), compared with a net profit of RM122.11 million a year ago, due to a higher allowance for impairment losses and operating expenses.
This is the bank s first quarterly loss in more than 16 years when it reported a net loss of RM14.72 million for 2QFY03.
Quarterly revenue was, however, up 28.6% to RM620.8 million from RM482.66 million in 4QFY19, its bourse filing showed.
The group declared a dividend of 3.5 sen per share.
The group s quarterly operating expenses were 23.2% higher at RM353.8 million, from RM287.1 million in 4QFY19, due to higher personnel expenses, while allowance for impairment losses was 5.7 times higher at RM266.1 million from RM46.6 million.
My earliest memory of Sea Park, or Seksyen 21, in Petaling Jaya all those years ago is the novelty of having nasi lemak at night in a back alley. Bumbung Nasi Lemak is still a popular late-night supper spot whose business extends from the five-foot way of corner shop Restoran Sun Fatt Kee to the entire length of the alleyway, which would be lined with plastic tables and chairs by dusk and ready for its patrons that keep coming back for the purveyor’s staples nasi lemak and Indomie ayam.
In addition to Bumbung Nasi Lemak, the commercial area in Sea Park bounded by Jalan 21/1, Jalan 21/21, Jalan 21/22 and Jalan 21/11, and on Jalan 21/12 is home to a vast array of rave-worthy eats, many of which have become popular over the years.
Published on: Tuesday, February 09, 2021
By: Bernama
Abdul Latif Abdul Rahim (File pic) is seen within the court premises. (Bernamapic)
Kuala Lumpur: The Sessions Court here has granted a discharge not amounting to an acquittal to Datuk Abdul Latif Abdul Rahim for abetting his brother, former Tabung Haji chairman Datuk Seri Abdul Azeez, with accepting bribes involving highway construction projects and road upgrades in Perak and Kedah.
Deputy Public Prosecutor Adam Mohamed said Judge Azura Alwi made the decision after the prosecution applied for Abdul Latiff to be given a discharge not amounting to an acquittal by making him a prosecution witness.