Raja Rozela:Ahmad Zahid:, but as I explained in this court, it is an investment, the profit is used to help the poor, while the principal or the original capital is not. Therefore, the returns of investment that I stated, if the agreement is not successful in being carried out, that interest is used for. That’s why RM69,000 was credited to Yayasan’s account and that RM10 million was returned to Yayasan.
Yayasan Akalbudi’s company constitution or memorandum and articles of association states that its objective is to “receive and administer funds for the eradication of poverty and the enhancement of the welfare of the poor and to conduct studies and research relevant to the poverty eradication programme”, and that the foundation could do the items listed from 3 to 3 for such purposes.
Ahmad Zahid today cited item 3 as allowing Yayasan Akalbudi to carry out an investment by issuing the RM10 million cheque, where it was stated the charitable organisation could “invest in Malaysia the money of the foundation not immediately required in such manner as from time to time the foundation acting through its board of trustees may think fit”.
But Raja Rozela suggested that the RM10 million which Ahmad Zahid insisted was an investment was not done with the approval of Yayasan Akalbudi’s board of trustees and that the trustees did not even meet to discuss the purported investment, with Ahmad Zahid then blaming Yayasan Akalbudi’s company secretary for the lack of such a document.
The meeting or discussion was not recorded anywhere, I didn’t ask about resolution or decision, I say the discussion is not recorded anywhere, no records to show there was a discussion among the board of trustees about the RM10 million.
No one trust a word u said bullshit
Yeaaa …speak the truth, looks less low IQ proven
All the lies are coming! 10m from charity. Wow
Everyday it is nothing but giving charity and printing AL-Quran books. He must have think we are all born yesterday
Kakaka… labur modal air liur
Following the same logic corruption is also investment.
Siap bertanjak
Hahahaha
tidak boleh percaya cakap ex tpm n pm
Darimana dapat RM10mil, menabung dari kecil.. Haw haw haw
When caught with the hand in the cookie jar, you can get some of the most unbelievable excuses ever. RM10 million based on a verbal agreement is as good as some Arab prince gave me money to be used from a personal account.
Is he a dumb And he is the current UMNO president. Memalukan orang melayu shj
RM 10 million without written agreement? WOW!
😂
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