Prosecution: Zahid helping daughter to buy Bali hotel was true purpose of charity’s RM17.9m transfer
Datuk Seri Ahmad Zahid Hamidi (centre) is pictured at the Kuala Lumpur High Court October 11, 2021. ― Picture by Hari Anggara
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KUALA LUMPUR, Oct 14 — The prosecution today suggested that the real reason why charitable foundation Yayasan Akalbudi’s RM17.9 million was transferred to a law firm — where it is allegedly not even a client — was for Datuk Seri Ahmad Zahid Hamidi to help his daughter buy shares in a company that had a hotel in Bali, Indonesia.
Lead prosecutor Datuk Raja Rozela Raja Toran said this while arguing that the prosecution had proven a criminal breach of trust charge against Ahmad Zahid, who is a trustee of Yayasan Akalbudi and the sole authorised signatory for the foundation’s cheques.