RM17.9mil from Yayasan Akalbudi funds withdrawn without board’s consent, says witness

Published on 8 Mar 2021 9:15:52 PM

The Kuala Lumpur High Court heard on Monday that the withdrawal of RM17.9 million from Yayasan Akalbudi funds was a criminal breach of trust because it did not get the consent of the other the charity foundation’s board of trustees.

Malaysian Anti-Corruption Commission investigating officer Muhammad Fazli Zulkifli said the withdrawal of the money from Yayasan Akalbudi’s Affin Bank account to be transferred to a Maybank account belonging to Messrs Lewis & Co, the foundation’s trustee, was instructed by Datuk Seri Dr Ahmad Zahid Hamidi.

The prosecution witness was testifying during re-examination in the trial of Ahmad Zahid who is facing 47 charges, 12 of them for criminal breach of trust , eight for corruption and 27 for money laundering involving tens of millions of ringgit of funds from Yayasan Akalbudi.

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