Zahid signed 51 Yayasan Akalbudi cheques worth RM31 million, says witness - News Summed Up

Zahid signed 51 Yayasan Akalbudi cheques worth RM31 million, says witness


KUALA LUMPUR (Bernama): The High Court here on Tuesday (Feb 11) was told that former deputy prime minister Datuk Seri Dr Ahmad Zahid Hamidi signed 51 cheques, including a banker's cheque, totalling RM31 million in funds belonging to charity foundation, Yayasan Akalbudi, in order to make several payments, including that for his personal use. The manager, who was the prosecution's 27th witness, said this during the 13th day of the corruption trial of Ahmad Zahid, pertaining to millions of funds belonging to Yayasan Akalbudi. Previously, Ahmad Izhan Abd Rashid, 40, the prosecution's 14th witness and an insurance agent with Allianz General Insurance, had informed the court that Ahmad Zahid had paid RM107,509.55 as payment for insurance and road tax for 20 vehicles he owned. On Dec 11 last year, Datuk Wasi Khan @ Wasiyu Zama Israr, 50, the prosecution's 21st witness and the chief executive officer of Armada Holdings Sdn Bhd, had told the court that his office had received funds totalling RM10 million from Ahmad Zahid. Ahmad Zahid, 67, faces 47 charges comprising criminal breach of trust, bribery and money laundering involving Yayasan Akalbudi funds totalling millions of ringgit.


Source: The Star February 11, 2020 10:41 UTC



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