Carian mengenai topik yayasan-akalbudi-funds

Tan Sri Azam Baki said he left it to MACC investigating officers to further investigate the case of CBT, corruption and money laundering.

Former deputy prime minister Datuk Seri Dr Ahmad Zahid Hamidi told the High Court here today that he could not continue with his charity work after the Yayasan Akalbudi funds were frozen.

Ahmad Zahid also faced charges of money laundering by engaging in direct transactions involving income from illegal activities.

Chronology of Ahmad Zahid's court cases that led to the High Court's decision today which ordered him to enter his defence on 47 CBT, corruption and money laundering charges involving YAB funds.

High Court Judge Datuk Collin Lawrence Sequerah is scheduled to deliver his decision at the end of the prosecution's case at 9.30 am.

Ahmad Zahid and his wife, Hamidah Khamis had spent the amount for shopping in just two years, Raja Rozela said.

Three out of eight corruption charges faced by Ahmad Zahid relating to Yayasan Akalbudi funds have collapsed as the prosecution's star witness had given unreliable testimony during the trial.

The High Court here was today told that Ahmad Zahid could not be in court for the hearing of his corruption case, involving Yayasan Akalbudi funds, as he has been hospitalised due to a back injury.

Submissions at the end of the prosecution for Ahmad Zahid's corruption case involving Yayasan Akalbudi funds, scheduled at the High Court here tomorrow, have been postponed to Aug 24.

Both the prosecution and defence in the graft trial of Datuk Seri Dr Ahmad Zahid Hamidi, involving Yayasan Akalbudi funds, have submitted about 1,200 pages of written submissions.

The money was transferred to the Yayasan Al-Falah account owned by his younger brother Datuk Seri Mohamad Nasaee Ahmad Tarmizi.

Zahid made the plea after the amended charge in the money laundering case involving the Yayasan Akalbudi funds was read to him.

RM8.6 million was paid to Ri-Yaz Assets Sdn Bhd as deposit for a share purchase with another RM9.3 million to be placed as fixed deposits.

The High Court today was told that Datuk Seri Ahmad Zahid Hamidi was involved in the withdrawal of RM17.9 million from Yayasan Akalbudi funds.

Datuk Seri Dr Ahmad Zahid Hamidi's corruption trial involving Yayasan Akalbudi funds, which was due to resume today, has been postponed to Jan 27.

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