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Asked why Zahid's Yayasan Akalbudi gave RM10m to help ‘rich people’s company’, Datuk K says it was investing with ‘clear conscience’

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Kuala Lumpur: Singer Datuk Seri Siti Nurhaliza's businessman husband Datuk Seri Khalid Mohamad Jiwa today defended a RM10 million cheque from Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi's charitable organisation Yayasan Akalbudi in 2015 to the company Armada Holdings Sdn Bhd.

Khalid, better known by the moniker Datuk K, was testifying as the eighth defence witness for Zahid in the latter's trial involving 47 charges.Throughout his testimony, Khalid kept insisting that the RM10 million was an investment by Yayasan Akalbudi into his friend and business partner's firm Armada, while the prosecution argued that it was a loan by Yayasan Akalbudi to the company.

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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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