KUALA LUMPUR: The RM10mil fund given by Datuk Seri Dr Ahmad Zahid Hamidi through the Akalbudi Foundation (YAB) to Armada Holdings Sdn Bhd to bid for a tender to supply coal to Tenaga Nasional Berhad (TNB) was for investment purposes, the High Court heard.Businessman Datuk Seri Khalid Mohamad Jiwa, better known as Datuk K, 64, said the RM10mil had been returned to the foundation, with interest amounting to RM69,722.65.
He disagreed with a suggestion by deputy public prosecutor Datuk Mohd Dusuki Mokhtar that the funds were given as loans.
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