fbpx
Connect with us

News

Zahid Hamidi Allegedly Withdrew Millions From Funds Meant For The Poor To Help Daughter Buy Hotel In Bali

Published

My Post 2021 10 15T135302.778
Source: MYKMU.NET & Family Vacation Critic

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Datuk Seri Dr Ahmad Zahid Hamidi is once again in the spotlight, this time for allegedly ordering part of the fixed deposit, amounting to RM17.9 million, belonging to Yayasan Akalbudi be released to enable his daughter to buy shares for a boutique hotel in Bali Indonesia.

Based on a report by Berita Harian, Deputy Public Prosecutor, Datuk Raja Rozela Raja Toran, argued that the accused was entrusted with the Akalbudi fund for the specific purpose of eradicating poverty and raising the welfare of the poor, apart from conducting studies and research.

zahid 1

However, Raja Rozela added, the accused gave specific instructions that all the money from Akalbudi’s seven fixed deposit accounts, be withdrawn before transferring it via bank check to Messr. Lewis & Co.

“Ahmad Zahid then issued a check amounting to RM8.6 million to Ri-Yaz Aset Sdn Bhd for the purpose of purchasing 60 per cent of the shares from Ri-Yaz Assets Chairman, Tan Sri Rashid Manaf,”

“The individual who is interested in buying the hotel is the accused’s daughter and the matter was confirmed by Tan Sri Rashid and the Group Managing Director, Datuk Seri Mohd Shaheed,” she shared.

zahid 2 1

“How does managing a boutique hotel in Indonesia help the poor in this country?”

“The funds in Akalbudi’s account are used for the personal gain of the accused where Akalbudi has no connection or interest,”

“For the withdrawals of funds from seven fixed deposit accounts, the RM17.9 million bank check was paid to Lewis & Co,” she said, further adding that the matter should have been seen as a warning.

“Why were the funds transferred, when there is no record to show that Messrs Lweis & Co. acted for Akalbudi?”

“Therefore, the prosecution argued that the real purpose of the withdrawal of the RM17.9 million fixed deposit was to make it easier for the accused’s daughter to buy a hotel in Bali,” she said.

zahid 3

Photo for illustration purposes only.

All of this was argued in the submission proceedings at the end of the prosecution case before High Court Judge Datuk Collin Lawrence Sequerah.

69-year-old Ahmad Zahid Hamidi faces 47 charges involving 12 charges of breaches of trust, eight charges of corruption and 27 charges of money laundering amounting to millions of Ringgit belonging to Yayasan Akalbudi.

Proceedings of the argument will continue on Monday (18 August).

What do you think about this? Let us know in the comment section.

 

Also read: High Court Temporarily Releases Zahid Hamidi’s Passport So He Can Travel To Germany For Treatment

Zahid Hamidididid

Source: Sinar Harian
Source: MYKMU.NET

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

mallft mallft
News3 hours ago

Shopping Malls to Have Tighter Security Following Setia Alam Shooting Incident

Following the shooting at a shopping mall in Setia Alam last night (February 8), security measures at shopping malls across...

gunft gunft
News5 hours ago

Selangor Police Chief: Setia Alam Gunman Still in Selangor, Statewide Manhunt Underway

Last night, a shooting took place at a shopping complex in Setia Alam, Shah Alam, at around 10 pm, causing...

obeseft obeseft
News13 hours ago

Health Minister: Penang’s Obesity Rate Higher Than National Average

According to Health Minister Datuk Seri Dr Dzulkefly Ahmad, Penangites appear to be slightly heavier than the average Malaysian. He noted...

feat image malaysia pal feat image malaysia pal
News18 hours ago

15 Palestinian Prisoners Released by Israel Will Reportedly be Deported to Malaysia as Part of Ceasefire Deal

Malaysia will reportedly be one of four countries that will be hosting Palestinian prisoners recently released by Israel as part...

feat image shooting feat image shooting
News21 hours ago

Setia Alam Shooting: 1 Injured, 8 Gunshots Fired, Suspect Stopped a Vehicle & Forced Driver to Help Him Escape

The Royal Malaysia Police (PDRM) has given an update on the shocking shooting incident that took place inside a mall...

collage 40 collage 40
News22 hours ago

PDRM Confirms Shooting Incident Inside Mall in Setia Alam, Viral Videos Show Patrons Fleeing The Scene

A shooting took place at a shopping complex in Setia Alam, Shah Alam, at around 10pm last night (February 8),...

feat image selangor sultan feat image selangor sultan
News1 day ago

Selangor Sultan Rejects Proposed Muslim Guidelines at Non-Muslim Events, Stresses Importance of Religious Tolerance

The Ruler of Selangor Sultan Sharafuddin Idris Shah, as the head of Islam in the state, today expressed his disagreement...

feat image guideline feat image guideline
News1 day ago

Dr Akmal Makes Drunk Driving Analogy to Show Need for Muslim Guideline for Attending Non-Muslim Events

Over the past week or so, a proposed guideline for Muslims attending non-Muslim events in Malaysia drew controversy after it...

Announcement

Latest Videos



TRENDING TODAY