The Kuala Lumpur High Court today heard that almost RM1.5 million of Yayasan Akalbudi funds were used by Datuk Seri Dr Ahmad Zahid Hamidi to pay for his credit cards, vehicle insurance policies and road tax for 20 vehicles belonging to his family.
This was revealed by Malaysian Anti-Corruption Commission (MACC) investigating officer Khairuddin Kilau, 44, in the former deputy prime minister’s trial involving the misappropriation of funds from the charity foundation.
The 99th prosecution witness said based on investigations, he found that Zahid had used the money to pay for nine credit cards belonging to him and his wife Datin Seri Hamidah Khamis.
This included RM1,362,037.81 and another RM107,509.55 used to make payments for vehicle insurance policies and road tax for 20 vehicles.
Eighteen of the vehicles comprised luxury brand cars and high-powered motorcycles, among others, a BMW X5, a Mini Cooper S, an Audi Q7, a Toyota Land Cruiser and a BMW R1200 GS motorcycle.
Khairuddin said Zahid had used RM1,296,715.98 of Yayasan Akalbudi funds to pay for his AmBank Islamic credit card, RM34,686.03 for his Maybank card and RM30,635.80 for his American Express card.
“There were also AmBank Islamic and Maybank supplementary credit cards under Hamidah Khamis’ name.
“Based on my investigations, I found that there were many transactions done outside of the country and there were also payments using Yayasan Akalbudi funds via the foundation’s Affin Bank Bhd cheques between 2014 and 2016,” he said under examination in chief by deputy public prosecutor Lee Keng Fatt.
Khairuddin who is the final prosecution witness will continue to testify when the trial continues before High Court judge Collin Lawrence Sequerah next Thursday.
Zahid, 68, is facing 47 charges, 12 of them for criminal breach of trust (CBT), eight for corruption and 27 for money laundering involving tens of millions of ringgit of funds from Yayasan Akalbudi. – NST