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KUALA LUMPUR (Bernama): The High Court was told that the withdrawal of RM17.9 thousand from Yayasan Akalbudi’s funds was a criminal breach of trust because he did not obtain the consent of the board of trustees of the other charitable foundation.
Malaysian Anti-Corruption Commission (MACC) Investigative Officer Muhammad Fazli Zulkifli, 36, said the withdrawal of the money from Yayasan Akalbudi’s Affin Bank account to be transferred to a Maybank account belonging to Messrs Lewis & Co , a trustee of the foundation, was instructed by Datuk Seri Ahmad Zahid Hamidi.
The 93rd prosecution witness said this during a further questioning by Deputy Prosecutor Sazilee Abdul Khairi, on the 48th day of the former Deputy Prime Minister’s trial on Monday (March 8).
Ahmad Zahid faces corruption, abuse of power and money laundering charges involving millions of ringgit in funds from Yayasan Akalbudi.
Last Friday, Muhammad Fazli told the court that Ahmad Zahid was involved in withdrawing RM17.9 thousand from Yayasan Akalbudi’s funds for the purchase of shares, as well as to be placed as fixed deposits.
Of the amount, he said that RM8.6 thousand was paid to Ri-Yaz Assets Sdn Bhd as a deposit for the purchase of shares with another RM9.3 thousand to be placed as fixed deposits.
Ahmad Sazilee: Based on your research on Messrs. Lewis & Co, the holder of RM17.9mil, who gave the firm instructions on the money.
Muhammad Fazli: All instructions received by Lewis & Co were from Datuk Seri Ahmad Zahid Hamidi, and Lewis & Co will not act without instructions.
The witness also confirmed that no other member of the Yayasan Akalbudi board of directors had instructed Lewis & Co, specifically his partner B. Muralidhahran.
On Ahmad Zahid’s warning statement to the MACC during the investigation of the case related to the investment in Ri-Yaz Assets, Muhammad Fazli said that it contradicted the testimony of other witnesses.
“Based on the statement of Datuk Seri Ahmad Zahid, he said that Yayasan Akalbudi was interested in investing (in Ri-Yaz assets) in the hotel sector, but the testimony of other witnesses said that Datuk Nurulhidayah (Ahmad Zahid’s daughter) was interested. in making an investment, and the payment was made by Yayasan Akalbudi, ”said Muhammad Fazli.
Ahmad Sazilee: What about the testimony of Tan Sri Rashid Manaf (shareholder of Ri-Yaz Assets)?
Muhammad Fazli: According to Tan Sri Rashid, Datuk Nurulhidayah expressed interest in investing in Ri-Yaz Assets.
When asked if there were any documents on the investment, Muhammad Fazli replied: “No, it only involved two parties, Nurulhidayah and Tan Sri Rashid. During the investigation I also did not find any documents that said Nurulhidayah was an observer or proxy in Rii- az Assets “.
Ahmad Zahid, 68, faces 47 charges, 12 of them for criminal breach of trust, eight for corruption and 27 for money laundering involving tens of millions of ringgit of funds from Yayasan Akalbudi.
Trial continues before Judge Collin Lawrence Sequerah. – Bernama
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