‘RM10mil was for investment’

He disagreed with a suggestion by deputy public prosecutor Datuk Mohd Dusuki Mokhtar that the funds were given as loans.

Khalid, who is the eighth defence witness, was testifying during Ahmad Zahid’s hearing on 12 charges of breach of trust, eight charges of corruption and 27 charges of money laundering involving tens of millions of ringgit in YAB funds. “Wasi Khan told me that he intended to set up a coal-supplying company in Indonesia and needed a paid-up capital of RM10mil to meet the minimum requirements to be registered as a supplier or contractor under TNB.

Khalid said Wasi Khan informed Ahmad Zahid of his intention during the meeting and requested Zahid’s intervention in asking TNB to reduce the amount of paid-up capital to RM5mil.

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