Almost RM100 mil deposited into accounts of Zahid's foundation, court told

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Bank manager says transactions did not trigger AMLA red flag because they complied with conditions. FMTNews ZahidHamidi

March 3, 2020 9:59 PM

KUALA LUMPUR: The High Court here was told today that almost RM100 million was deposited into the accounts of Lewis & Co, the trustee of Yayasan Akalbudi belonging to former deputy prime minister Ahmad Zahid Hamidi, between May 2016 and April 2018. “A total of 112 of the 129 transactions were made via cheques and the rest were credited,” he said when reading out his witness statement during examination-in-chief by deputy public prosecutor Nur Aishah Maulat Ahmad Zakiuddin in the trial of Zahid, who is facing 47 charges of corruption, criminal breach of trust and money laundering.

The 39th prosecution witness said all the transactions, whether from the current account or fixed deposit account of the client, were normal transactions made in accordance with conditions set by the bank.

 

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Those could fall under suspicious transactions, to be reported to BNM for their further actions. The ceo of the bank should be penalised by BNM for this.

There are 10 UMNO MPs currently being charged in court. If all 10 are found guilty, PN will collapse. I don’t think the current PM would allow this to happen.

Woooww banyak nyer wehhh boleh beli 100 kete ferrari

Zahid is a banker..He knows the loopholes

Penyamun Tarbus. Ysng UMNO sayang.

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Almost RM100 million deposited into foundation trustee’s accounts, says witness | The Malaysian InsightAhmad Zahid Hamidi’s trial hears that the money was deposited into Lewis & Co’s accounts via 129 transactions.
Source: msianinsight - 🏆 8. / 63 Read more »

Almost RM100mil deposited into accounts of Yayasan Akalbudi trustee, witness tells courtKUALA LUMPUR (Bernama): The High Court here was told that almost RM100mil was deposited into the accounts of Lewis & Co, the trustee of Yayasan Akalbudi belonging to former deputy prime minister Datuk Seri Dr Ahmad Zahid Hamidi, between May 2016 and April 2018. Where did the devil get so much money? And that very same devil is now in government. Shocking.
Source: staronline - 🏆 4. / 75 Read more »