KUALA LUMPUR: The High Court today heard that Datuk Seri Dr Ahmad Zahid Hamidi withdrew RM9.3 million from the bank account of Yayasan Akalbudi about three weeks after the 14th General-Election (GE14).
Malaysian Anti-Corruption Commission (MACC) investigating officer Khairudin Kilau said based on a bank statement of the charity foundation belonging to Zahid, this was the last withdrawal made from the account.
The withdrawal, he said was made by Zahid as the latter was the foundation’s sole signatory.
The final prosecution witness said RM9,302,823.66 which was the last withdrawal made on May 28, 2018, was paid to Yayasan Al-Falah, a foundation belonging to Zahid’s brother Datuk Seri Mohamad Nasaee Ahmad Tarmizi.
However, the witness said the purpose of the payment was unclear.
“Based on my investigations, I did not find any meeting minutes or resolution on the money transfer.
“The transaction was made on May 28, 2018 and at that time Zahid had the authority to make money transfers as he was the sole signatory in Yayasan Akalbudi,” he said under examination in chief conducted by deputy public prosecutor Lee Keng Fatt.
Khairuddin was testifying in Zahid’s trial over 47 charges involving tens of million of ringgit of funds from Yayasan Akalbudi.
Asked about the connection between Yayasan Akalbudi and Yayasan Al-Falah, the witness said the two entities had no official relations.
He also said that there were no documentations found on contributions to Yayasan Al-Falah by Yayasan Akalbudi.
The witness also testified that RM100 million of Yayasan Akalbudi funds had flowed out of its bank account between December 2012 and May 2018.
He said based on the foundation’s Affin Bank statement, the same amount also went into the foundation’s bank account during the same period.
The foundation, he said had only one bank account and that during investigations, the account was not blocked from any incoming or outgoing transactions.
The trial continues before judge Collin Lawrence Sequerah.
Zahid, 68, faces 47 charges, 12 of them for criminal breach of trust (CBT), eight for corruption and 27 for money laundering involving tens of millions of ringgit of funds from Yayasan Akalbudi.-NST