RM10mil from Yayasan Akalbudi to company an investment, says Datuk K

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Businessman Khalid Jiwa says the amount was to allow Armada Holdings Sdn Bhd to meet TNB’s tender requirements.

KUALA LUMPUR: Ahmad Zahid Hamidi paid RM10 million from Yayasan Akalbudi’s account to enable a company to meet the tender requirements for the supply of Indonesian coal to Tenaga Nasional Berhad , the High Court here heard today.

Khalid said he arranged for the meeting after being informed that Wasi’s company needed RM10 million to fulfil TNB’s requirement for the minimum paid-up capital for the tender. According to Wasi, Khalid said he knew Yayasan Akalbudi was managed by Zahid and that the money had been withdrawn from a fixed deposit belonging to the foundation.

“The RM10 million was returned together with interest payment and did not incur any losses,” he said.

 

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

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines