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RM10mil was for investment

KUALA LUMPUR: The RM10mil fund given by Datuk Seri Dr Ahmad Zahid Hamidi through the Akalbudi Foundation (YAB) to Armada Holdings Sdn Bhd to bid for a tender to supply coal to Tenaga Nasional Berhad (TNB) was for investment purposes, the High Court heard.Businessman Datuk Seri Khalid Mohamad Jiwa, better known as Datuk K, 64, said the RM10mil had been returned to the foundation, with interest amounting to RM69,722.65.

Datuk K says RM10 million from Yayasan Akalbudi to company an investment

Asked why Zahid s Yayasan Akalbudi gave RM10m to help rich people s company , Datuk K says it was investing with clear conscience

Asked why Zahid s Yayasan Akalbudi gave RM10m to help rich people s company , Datuk K says it was investing with clear conscience | Daily Express Malaysia

Kuala Lumpur: Singer Datuk Seri Siti Nurhaliza's businessman husband Datuk Seri Khalid Mohamad Jiwa today defended a RM10 million cheque from Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi's charitable organisation Yayasan Akalbudi in 2015 to the company Armada Holdings Sdn Bhd.

Datuk K: RM10m in Akalbudi Foundation funds to Armada Holdings for investment

Datuk K: RM10m in Akalbudi Foundation funds to Armada Holdings for investment
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