Foreign visa system trial: Impossible for Ultra Kirana to pay out bribes based on company’s existing after-tax profit and cash reserves, court told

  • 📰 malaymail
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 86%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

SHAH ALAM, June 13 — It would be impossible for Ultra Kirana Sdn Bhd (UKSB) to make any cash payments for the purpose of bribery or gratification based on the company’s audited...

SHAH ALAM, June 13 — It would be impossible for Ultra Kirana Sdn Bhd to make any cash payments for the purpose of bribery or gratification based on the company’s audited account between 2014 and 2018, the High Court heard during Datuk Seri Ahmad Zahid Hamidi’s foreign visa system corruption trial today.

This was followed by a profit of around RM114,000 with RM2.8 million cash in hand in 2015; RM4.9 million roughly in profit and RM4.6 million cash in hand in 2016, RM2.8 million roughly in profit and RM3.9 million cash in hand 2017; and roughly RM351,000 in profit and RM1.3 million cash in hand in 2018.

Previously, former UKSB director Harry Lee Vui Khiun, who was also the prosecution’s 15th witness, testified that cash payments were made to Ahmad Zahid for the purpose of political donations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Zahid visa trial: Witness confirms UKSB gave RM50K-RM200K to Khairy’s Rembau Umno divisionHe said the contributions were channelled through the Rembau division and not given directly to Khairy, also known as KJ, who was then the deputy head of the division. theSun thesundaily Khairy Rembau Umno UKSB
Source: theSundaily - 🏆 25. / 51 Read more »

Zahid visa trial: Witness confirms UKSB gave cash to Khairy’s Rembau Umno divisionSHAH ALAM, June 13 — A former Ultra Kirana Sdn Bhd (UKSB) director testified today that former Umno Youth chief Khairy Jamaluddin was an indirect recipient of financial... Now you have a good partner... Govt money given out through contracts to… But in all fairness, a donation can only be deemed as political if it went to the party's account, not individual. KJ didn't receive the money himself. The money went to the Rembau UMNO division account. This is acceptable.
Source: malaymail - 🏆 1. / 86 Read more »

BN has good chance of recapturing Sepang, says Zahid | The Malaysian InsightCoalition chief tells members to pay attention to constituents. Just take Sepang and lose Bagan Datoh, okay? As u sink, please bring down Pekan as well. everyday talk coxx, sure you will capture sg buluh parliment seat also I m not surprise if I hear this clown saying BN will capture all the parlimentary seats in Malaysia. What a joke.
Source: msianinsight - 🏆 8. / 63 Read more »

New IC system to better regulate foreign workers, says HR ministerTAPAH, June 12 ― The Ministry of Human Resources will introduce a new system ― an identity card by sector ― to address the problem of foreign workers in the country who are...
Source: malaymail - 🏆 1. / 86 Read more »

New IC system to better regulate foreign workers, says HR ministerTAPAH, June 12 ― The Ministry of Human Resources will introduce a new system ― an identity card by sector ― to address the problem of foreign workers in the country who are...
Source: malaymail - 🏆 1. / 86 Read more »