Zahid withdrew RM17.9m from Yayasan Akalbudi - witness

  • 📰 malaysiakini
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

Withdrawal meant to purchase shares and place as fixed deposits, says MACC investigating officer.

The High Court today was told that Umno president Ahmad Zahid Hamidi was involved in the withdrawal of RM17.9 million from Yayasan Akalbudi funds for the purchase of shares as well as to be placed as fixed deposits.

While showing the flow chart of the withdrawal to the court, MACC investigating officer Muhammad Fazli Zulkifli explained that of the amount, RM8.6 million was paid to Ri-Yaz Assets Sdn Bhd as a deposit for a share purchase with another RM9.3 million to be placed as fixed deposits. “The withdrawal of money from Yayasan Akalbudi’s Affin Bank account to be transferred to a Maybank account belonging to Messrs Lewis & Co...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Alamat ada..bangunan yayasan tak ada😁

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:

 /  🏆 20. 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.