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.
alahai.. tak habis buat kelakar... wak .. wak.. suka lucu lucuan ya...
Katak katak kat negara patut dibuang negara. They are going to screw the country up completely. HRHJohorII
charity investment 😂
Investment can either be profit and loss over times, but the cost of operating, including salary and other benefits for directors (or a operator) remain to be paid. Is it a profit or nonprofit organization? Then how much of net profit would go to charity?
Monitor and use
Never heard of a 'charity' investing in a business.
Hahhahah anak beranak ! Jail time …
Hahhaahahha ......
You think we stupid meh
Wahhh… charity investment? Mantap pak leman!!!
Charity kepala butuh hang sial...
tak lama dah.. makin merapu
Compulsive liar
Kot ye pun ada masalah kencing jangan lah kencing merata!
Many of us diligently work our entire life to provide another a life. And here we hv yet another who do not know how good n easy they hv it. Yet with no shame, no dignity, no integrity n no remorse they believe they are worthy for a second chance.