RM10 mil from Zahid's foundation ‘too good to be true’, witness tells court

KUALA LUMPUR: A witness told the Ahmad Zahid Hamidi corruption and criminal breach of trust trial that a RM10 million “investment” which his company received from the former prime minister was “too good to be true”.

He had previously told the court that he met Zahid to seek advice from the then home minister as to whether the minimum paid up capital in order for his company to qualify for a Tenaga Nasional subsidiary company’s project could be reduced from RM10 million to RM5 million. Zahid’s lawyer, Rosal Azimin Ahmad, also questioned Wasi on the purported RM10 million investment and asked the witness if he had ever signed an agreement with Zahid for this purpose.Co-counsel Ahmad Zaidi Zainal then showed Wasi a copy of Yayasan Akalbudi’s constitution and pointed out that one of the provisions allowed the foundation to invest money if its trustees thought it was proper to do so.

Zahid replaced Muhyiddin Yassin as deputy prime minister after Muhyiddin was removed from the Cabinet in 2015.The hearing will continue before High Court judge Collin Lawrence Sequerah from Feb 11 to Feb 14, 2020.

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