KUALA LUMPUR: Datuk Seri Dr Ahmad Zahid Hamidi used RM17.9mil of fixed deposit withdrawals from Yayasan Akalbudi (YAB) funds to finance his daughter’s bid to buy a hotel in Bali, the High Court here was told.
The High Court today was told that the withdrawal of RM17.9 million from Yayasan Akalbudi (YAB) funds by Datuk Seri Dr Ahmad Zahid Hamidi was, among others, to facilitate his daughter’s bid to buy a boutique hotel in Bali, Indonesia
KUALA LUMPUR: The High Court was told that Datuk Seri Dr Ahmad Zahid Hamidi had used RM17.9mil of fixed deposit withdrawals from Yayasan Akalbudi (YAB) to finance his daughter’s bid to buy a hotel in Bali, Indonesia.
KUALA LUMPUR: The High Court heard that the withdrawal of RM17.9mil from Yayasan Akalbudi funds was a criminal breach of trust because there was no consent from the charity foundation’s board of trustees.
Malaysian Anti-Corruption Commission (MACC) investigating officer Muhammad Fazli Zulkifli, 36, testified yesterday that the withdrawal from the foundation’s Affin Bank account to be transferred into 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 was being re-examined by deputy public prosecutor Sazilee Abdul Khairi during 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.
Published on: Tuesday, March 09, 2021
By: Bernama Ahmad Zahid (centre) arriving at the High Court in Kuala Lumpur.
Kuala Lumpur: The High Court was told Monday 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.