KUALA LUMPUR: Yayasan Akalbudi, a company owned by Datuk Seri Dr Ahmad Zahid Hamidi, has never been audited or has filed its financial reports with the Malaysian Companies Commission (SSM), the High Court heard today. The company secretary Mahinder Kaur said she was unable to forward the foundation’s documents to SSM due to incomplete documents. She said Zahid had appointed her as the foundation’s secretary in 2012 and was tasked to update the documents of Yayasan Akalbudi back to 2003. “Yayasan Akalbudi also never tabled its financial report for me to file with SSM,” she said in her witness statement. She said Yayasan Akalbudi also never conducted audits on its accounts and did not submit audit reports to SSM.

Source: New Strait Times February 12, 2020 08:15 UTC