KUALA LUMPUR, Aug 30 — Umno president Datuk Seri Ahmad Zahid Hamidi today insisted his daughter had no stake in a company that owned a hotel in Bali, Indonesia, and that she only helped to monitor his charity Yayasan Akalbudi’s RM8.6 million investment in the hotel management firm.
“I never placed my daughter Datuk Nurulhidayah as shareholder. Instead, I told Tan Sri Manaf that because I have no time to monitor that investment, I therefore asked my daughter to monitor the investment that was made in Ri-Yaz,” he said in the High Court. Ahmad Zahid today also explained that Exim Bank — which had provided a loan to Ri-Yaz — had later suggested that Yayasan Akalbudi withdraw its RM8.6 million investment in the company.
When it was suggested that the Ri-Yaz share purchase was meant to be an investment by Yayasan Akalbudi and that Nurulhidayah was placed as a Ri-Yaz director to monitor Yayasan Akalbudi’s investment in the company, Shaheen told the court that he did not know about these. In this trial, Ahmad Zahid is facing 47 charges, namely 12 counts of criminal breach of trust in relation to RM31 million of Yayasan Akalbudi’s funds, 27 counts of money laundering, and eight counts of bribery charges involving RM21.25 million.
The prosecution had previously suggested that the actual purpose for the RM17.9 million transfer to Lewis & Co was to facilitate the share purchase deal, having highlighted that the RM17.9 million transfer was on June 28, 2016, while the law firm had issued the RM8.6 million cheque to the hotel company on June 30, 2016.
It should be rephrased..the “charity” received to be legally monetised through so called investment
charity n zahid bak irama dan lagu... phiwit..
Charity in a Bali hotel. Banyak cantik.
pandai twist Indon ni...🤬🦁🤣😂
Charity's money never is to be invested, it should be distributed.
This so call money laundering.. In the world no such thing charity investment..
haha..
I think even his lawyers cringed at his lies.
Charity?
Aren’t political donations meant for political or election purposes? When ‘political donations’ are used for charity, investment and cover personal expenses, they’re no longer ‘political donation’. When the cheque signatory is a single person, does he not possess total control?
Charity investment? Hmmmmm first time hearing this...
Lies after lies....Zahid could open a' lie' univercity
Sure, we believe you.
Dh pandai jadi ahli politik si Saddiq ni. Kt luar kata menentang, tapi senyap2 sokong korupsi juga akhirnya. hrhjohorii tolong jaga Johor dari ketamakan MB Muar ni
Does he knows what charity means? He seems to use it at every turn.
Dh pandai jadi ahli politik si Saddiq ni. Kt luar kata menentang, tapi senyap2 sokong korupsi juga akhirnya. hrhjohorii tolong jaga Johor dari ketamakan MB Muar ni
Charity kat Bali. Ramai lagi rakyat Malaysia yang susah. Nak gebang tu agak-agak lah.
Monitor and ambil
K
🤮🤮🤮🤮🤮
Bought hotel for charity huh
Wherever UMNO goes, donation comes flying; not 10 ringgits, not 100 ringgits, it comes by Millions!
Yg dulu dia nafikan kata fitnah ada beli aset kt bali tu kira betul la kan. So bukan derma utk ank yatim la kan. Hebat sungguh tempatkan ank2 yatim kt hotel..perghh!!! 😃😅😆
Rosak sudah nih!
🤣🤣🤣🤣🤣.
Zahid must be a trillionaire for him donate and do charity every part of the world. Kalah Pope & Vatican.
banyak betul charity… depan belakang kiri kanan charity
Bnyk betul lagi menteri menteri ni ya? Donation saja dah 8.6 juta
umNO good in charity
Keyword = “charity” 🤷🏾
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: staronline - 🏆 4. / 75 Read more »