Yayasan Akalbudi never held annual meetings – Former director


The High Court here today heard that Yayasan Akalbudi, established in 1997, did not hold any annual meetings or disclose its expenditure for 15 years.

A former director of the foundation, Zulkifli Senteri, 68, said during his 15 years of holding the post from 1997 to 2012, he had never been invited to attend the foundation’s meetings and he did not know the exact location of the foundation’s office.

“There were no activities and meetings involving me and I have never received any allowance or payment during my appointment as director.

“Throughout my tenure, I have never discussed with former deputy prime minister Datuk Seri Dr Ahmad Zahid Hamidi, who is the founder of the foundation, regarding its expenditure, what to be spent and has been spent,” he said.

He said this when reading out his witness statement on the fourth day of the trial of Ahmad Zahid, who faces 47 criminal charges involving tens of millions of ringgit belonging to Yayasan Akalbudi.