Former deputy prime minister Ahmad Zahid Hamidi is facing 47 charges of bribery, criminal breach of trust and money laundering involving tens of millions of ringgit of Yayasan Akalbudi funds. – The Malaysian Insight file pic, June 27, 2022.
“I wish to stress that the funds were not from illegal activities as defined by the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001).” Sothilechmy confirmed in court that he received orders from lawyer B. Muralidharan to deposit the funds into fixed deposit accounts, he added.
“Muralidharan has control over the handling of YAB funds and knowledge on the transactions of money movements in the accounts of clients. Muralidharan also has sole discretion to determine how much funds needed to be entered into fixed deposit accounts.” “When Omar Ali was called to testify in court, he stated that he took the initiative to convert the cash contributions into cheques.
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