KUALA LUMPUR (Bernama): Datuk Seri Dr Ahmad Zahid Hamidi (pic) was willing to advance USD$2.058mil (RM8.79mil) from his foundation Yayasan Akalbudi to settle outstanding loan repayments for Ri-Yaz Asset Sdn Bhd, to enable his daughter Nurulhidayah to take over the shares of the company, the High Court here was told on Tuesday (July 14).
Datuk Mat Noor Nawi, 65, the former chairman of Export-Import of Bank of Malaysia Berhad (EXIM Bank), while reading his witness statement said that the loan repayment to EXIM Bank was for the purchase of a hotel in Bali, Indonesia.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
