Datuk K: RM10m in Akalbudi Foundation funds to Armada Holdings for investment

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KUALA LUMPUR: The High Court here was told today that the RM10 million fund given by Datuk Seri Ahmad Zahid Hamidi through Akalbudi Foundation (YAB) t...

: The High Court here was told today that the RM10 million fund given by Datuk Seri Ahmad Zahid Hamidi through Akalbudi Foundation to Armada Holdings Sdn Bhd to bid for a tender to apply coal to Tenaga Nasional Berhad was for investment purposes.

When questioned if it ever crossed his mind how Ahmad Zahid could have RM10 million, Khalid, who has known the deputy prime minister for almost 30 years since he was working as a manager of the loan department at Bumiputra Bank , said Ahmad Zahid was a corporate figure, an entrepreneur, a former banker and also had various financial resources.

When reading out his witness statement, Khalid said he was close to Ahmad Zahid and that he and his wife, Datuk Seri Siti Nurhaliza Tarudin, had also been to the holy land several times with Ahmad Zahid and his wife, Datin Seri Hamidah Khamis, to perform the umrah. “Datuk Wasi Khan knows that I am a close acquaintance of Datuk Seri Zahid and asked for my help to arrange a meeting for him with Datuk Seri Zahid.

“However, Datuk Seri Zahid said he could not as the matter was not in his jurisdiction and that it would be an offence for him to interfere in the affairs and policies that have been set by TNB,” he added.

 

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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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RM10mil from Yayasan Akalbudi to company an investment, says Datuk KFree Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs. Since 2009, we have been presenting news and analyses round the clock, staying true to objectivity – the missing dimension in today’s news scene.
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