Foreign visa system trial: Impossible for Ultra Kirana to pay out bribes based on company’s existing after-tax profit and cash reserves, court told

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SHAH ALAM, June 13 — It would be impossible for Ultra Kirana Sdn Bhd (UKSB) to make any cash payments for the purpose of bribery or gratification based on the company’s audited...

SHAH ALAM, June 13 — It would be impossible for Ultra Kirana Sdn Bhd to make any cash payments for the purpose of bribery or gratification based on the company’s audited account between 2014 and 2018, the High Court heard during Datuk Seri Ahmad Zahid Hamidi’s foreign visa system corruption trial today.

This was followed by a profit of around RM114,000 with RM2.8 million cash in hand in 2015; RM4.9 million roughly in profit and RM4.6 million cash in hand in 2016, RM2.8 million roughly in profit and RM3.9 million cash in hand 2017; and roughly RM351,000 in profit and RM1.3 million cash in hand in 2018.

Previously, former UKSB director Harry Lee Vui Khiun, who was also the prosecution’s 15th witness, testified that cash payments were made to Ahmad Zahid for the purpose of political donations.

 

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