Zahid withdrew RM17.9mil from Yayasan Akalbudi's bank account, witness tells court

KUALA LUMPUR (Bernama): The High Court was told that Datuk Seri Dr Ahmad Zahid Hamidi was involved in the withdrawal of RM17.9mil from Yayasan Akalbudi funds for the purchase of shares as well as to be placed as fixed deposits.

While showing the flow chart of the withdrawal to the court on Friday (March 5), Malaysian Anti-Corruption Commission (MACC) investigating officer Muhammad Fazli Zulkifli, 36, explained that of the amount, RM8.6mil was paid to Ri-Yaz Assets Sdn Bhd as deposit for a share purchase with another RM9.3mil was placed as fixed deposits.