RM17.9mil from Yayasan Akalbudi funds withdrawn without board's consent, says witness in Zahid's trial


KUALA LUMPUR (Bernama): The High Court was told that the withdrawal of RM17.9mil from Yayasan Akalbudi funds was a criminal breach of trust because it did not get the consent of the other charity foundation’s board of trustees.

Malaysian Anti-Corruption Commission (MACC) investigating officer Muhammad Fazli Zulkifli, 36, said the withdrawal of the money from Yayasan Akalbudi’s Affin Bank account to be transferred to a Maybank account belonging to Messrs Lewis & Co, the foundation’s trustee, was instructed by Datuk Seri Ahmad Zahid Hamidi.

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