YAB funds used to buy hotel, court told

KUALA LUMPUR: The High Court was told that Datuk Seri Dr Ahmad Zahid Hamidi had used RM17.9mil of fixed deposit withdrawals from Yayasan Akalbudi (YAB) to finance his daughter’s bid to buy a hotel in Bali, Indonesia.

Deputy Public Prosecutor Datuk Raja Rozela Raja Toran said the Umno president’s daughter Datuk Nurulhidayah was interested in “running the hotel” and thus YAB’s funds had been used for a different purpose than what it was intended for.