News Formal

Zahid's YAB trial: RM10mil given to businessman was an investment, says Datuk K

  • 📰 staronline
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 75%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

PETALING JAYA: The RM10mil from Datuk Seri Dr Ahmad Zahid Hamidi to businessman Datuk Wasi Khan was a form of investment, not a loan, the Kuala Lumpur High Court heard.

Businessman Datuk Seri Khalid Mohamad Jiwa said this on Monday during the defence proceeding involving Ahmad Zahid, who is accused of money laundering and criminal breach of trust involving funds belonging to charitable foundation Yayasan Akalbudi.ALSO READ:Khalid said Ahmad Zahid provided the funds for Armada Holdings Sdn Bhd to bid on a tender for coal supply to Tenaga Nasional Berhad , according to Malay daily Sinar Harian.

Ahmad Zahid was then deputy prime minister and home minister during the Barisan Nasional administration. Khalid said that at the end of the meeting, Ahmad Zahid agreed to provide RM10mil as a form of investment.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: fmtoday - 🏆 5. / 72 Read more »