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Zahid's YAB trial: RM10mil given to businessman was an investment, says Datuk K

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PETALING JAYA: The RM10mil from Datuk Seri Dr Ahmad Zahid Hamidi to businessman Datuk Wasi Khan was a form of investment, not a loan, the Kuala Lumpur High Court heard.

Businessman Datuk Seri Khalid Mohamad Jiwa said this on Monday during the defence proceeding involving Ahmad Zahid, who is accused of money laundering and criminal breach of trust involving funds belonging to charitable foundation Yayasan Akalbudi.ALSO READ:Khalid said Ahmad Zahid provided the funds for Armada Holdings Sdn Bhd to bid on a tender for coal supply to Tenaga Nasional Berhad , according to Malay daily Sinar Harian.

Ahmad Zahid was then deputy prime minister and home minister during the Barisan Nasional administration. Khalid said that at the end of the meeting, Ahmad Zahid agreed to provide RM10mil as a form of investment.

 

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RM10mil from Yayasan Akalbudi to company an investment, says Datuk KBusinessman Khalid Jiwa says the amount was to allow Armada Holdings Sdn Bhd to meet TNB’s tender requirements.
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