Yayasan Akalbudi had around RM100m withdrawal and RM100m deposits made between Dec 12, 2012, and May 31, 2018
By RAHIMI YUNUS / Pic BERNAMA
WITNESSES have revealed dubious transactions involving multi-million ringgit made by Datuk Seri Dr Ahmad Zahid Hamidi’s charity arm Yayasan Akalbudi with no documentation of the affairs and its office found to be non-existent.
Last week, Malaysian Anti-Corruption Commission (MACC) investigating officer Khairudin Kilau testified that Yayasan Akalbudi had around RM100 million withdrawal and RM100 million deposits between Dec 12, 2012, and May 31, 2018.
The 99th prosecution witness told the Kuala Lumpur High Court that the last withdrawal was a sum of RM9.3 million on May 28, 2018, transferred to Yayasan Al-Falah, a charity foundation chaired by Ahmad Zahid’s younger step-brother Mohamad Nasaee Ahmad Tarmizi.
Khairudin, however, said the purpose of the transaction was unclear as there was no reason provided either in minutes of meeting or any written resolution to explain it. The transaction was done about three weeks after the 14th General Election on May 9, 2018.
“Based on my investigations, I did not find any meeting minutes or resolution on the money transfer.
“The transaction was made on May 28, 2018, and at that time, Zahid (picture) had the authority to make money transfers as he was the sole signatory in Yayasan Akalbudi,” Khairudin said under examination in chief by deputy public prosecutor Lee Keng Fatt.
The witness said Yayasan Akalbudi and Yayasan Al-Falah had no official relations.
The court also heard that Yayasan Akalbudi did not exist at the address registered with the Companies Commission of Malaysia (SSM).
Khairudin testified that he went to the registered office location, which was on Jalan Raja Abdullah in Kuala Lumpur, to obtain documents related to Yayasan Akalbudi, including meeting reports and annual audits.
However, he told the court that there was no Yayasan Akalbudi at the registered address.
“We could not obtain Yayasan Akalbudi’s annual report, audit report and meeting minutes because there was no office operating at the address registered with SSM,” he said. He added that the foundation had never submitted the documents to SSM.
Before the visit, the witness said he requested documents of Yayasan Akalbudi from company secretary Mahinder Kaur Teja Singh, but the latter said the foundation never had neither held a meeting nor had she prepared an audit. Khairudin is the 10th MACC investigation officer called to testify by the prosecution.
The prosecution closed its case last Friday after Khairudin’s testimony concluded.
Judge Collin Lawrence Sequerah ordered both sides to file their written submissions by May 28 and reply by June 11.
The judge also fixed June 28 to 30, and July 1 and 2 for oral submissions before deciding whether to acquit Ahmad Zahid or order him to enter a defence.
Ahmad Zahid faces 47 charges consisting of 12 for criminal breach of trust, eight for corruption and 27 for money laundering involving tens of millions of ringgit of funds from Yayasan Akalbudi.