Zahid slapped with one more CBT charge of RM10m
Umno president Ahmad Zahid Hamidi today claimed trial to an additional charge for criminal breach of trust amounting to RM10 million, bringing the total number of charges he faces up to 46.
The former deputy prime minister is accused of loaning RM10 million in funds from welfare foundation Yayasan Akal Budi to Armada Holdings Sdn Bhd...
Umno president Ahmad Zahid Hamidi today claimed trial to an additional charge for criminal breach of trust amounting to RM10 million, bringing the total number of charges he faces up to 46.
The former deputy prime minister is accused of loaning RM10 million in funds from welfare foundation Yayasan Akal Budi to Armada Holdings Sdn Bhd.
Zahid is an agent and trustee of Yayasan Akal Budi.
The offence allegedly took place at Affin Bank's Jalan Bunus branch in Kuala Lumpur on Dec 8, 2015.
The charge was read out before Sessions Court judge Rozina Ayob.
Zahid was represented by counsel Hisyam Teh Poh Teik.
Further details supplied
The prosecution, led by Raja Rozela Raja Toran, also informed the court about amendments for the first 10 charges concerning criminal breach of trust with regards to Yayasan Akal Budi's funds.
The amended charge sheets included further details about what the foundation's funds were allegedly used for.
As such, it was revealed that Zahid had allegedly used over RM1.3 million from the foundation to pay his credit card debts in six charges, all committed between Jan 13, 2014 and Jan 11, 2016.
For one of those charges, there was an amendment to the amount of funds allegedly used, which saw a sum of RM600.70 being added on to the original sum of RM537,513.64.
Additionally, Zahid was accused of using RM107,509.55 belonging to the foundation to pay for vehicle insurance policy and a private car license, between Jan 22, 2015 and Sept 23, 2015.
He had also allegedly transferred RM17,953,185.21 in Yayasan Akal Budi funds to law firm Lewis & Co on Jun 28, 2016.
It was also alleged that Zahid had used RM100,000 from the foundation to pay company TS Consultancy & Resources on Aug 25, 2015.
Furthermore, Zahid allegedly used RM1,300,000 from Yayasan Akal Budi to make a contribution towards the Football Association of the Royal Malaysian Police on Nov 23, 2015.
Justice Rozina fixed Feb 20, 2019 for mention.
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