Malaysia

Zahid used RM1.5 mil from Yayasan Akalbudi for personal expenses: witness

Ex-DPM allegedly paid credit card bills, insurance and vehicle road tax with foundation’s money

Updated 5 years ago · Published on 12 Mar 2021 7:07PM

Zahid used RM1.5 mil from Yayasan Akalbudi for personal expenses: witness
MACC investigator Khairudin Kilau told the KL high court today that nearly RM1.3 mil in credit card payments were made by Datuk Seri Ahmad Zahid Hamidi via Yayasan Akalbudi. – The Vibes file pic, March 12, 2021

KUALA LUMPUR – The last prosecution witness in the trial of Datuk Seri Ahmad Zahid Hamidi told the high court today that the former deputy prime minister had used RM1,469,547.36 in funds from Yayasan Akalbudi, to pay for credit card bills, insurance and road tax for 20 vehicles.

Malaysian Anti-Corruption Commission (MACC) investigating officer Khairudin Kilau, 44, said based on his investigations, Zahid had settled bills for nine credit cards belonging to him and his wife, Datin Seri Hamidah Khamis for personal use amounting to RM1,362,037.81.

RM107,509.55 was used for insurance and road tax payments for 20 vehicles belonging to them.

He said the credit card payments comprised RM1,296,715.98 to AmBank Islamic; Maybank (RM34,686.03) and American Express (RM30,635.80).

“The AmBank Islamic and Maybank credit cards had supplementary cards issued in the name of Hamidah Khamis. 

“A review and examination of the statements for all the credit cards found that many expenses were made abroad, and paid using Affin Bank Berhad cheques belonging to Yayasan Akalbudi between 2014 to 2016,” he said while reading out his witness statement during the examination-in-chief by deputy public prosecutor Lee Keng Fatt.

The 99th prosecution witness said this on the 51st day of the trial against Zahid, who faces charges of corruption, criminal breach of trust and money laundering, involving millions of ringgit from Yayasan Akalbudi. – Bernama, March 12, 2021

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