KUALA LUMPUR, May 26 — Datuk Seri Ahmad Zahid Hamidi today insisted he had verbally entrusted Yayasan Akalbudi’s funds to the law firm Lewis & Co, but did not formalise this as he fully trusted the firm’s partner Muralidharan Balan Pillai whom he has known for three decades.
Ahmad Zahid said the appointment of the law firm as Yayasan Akalbudi’s trustee was done during a meeting at his house in Country Heights, Kajang, where he had invited Muralidharan. He also said none of Yayasan Al-Falah’s trustees — including Ahmad Zahid’s younger brother Mohamad Nasaee and lawyer Faisalludin Mohamat Yusuff —- were present in this 2016 meeting.
Claiming that Muralidharan had agreed to have Lewis & Co be the trustee for Yayasan Akalbudi funds and having allegedly informed that he would manage such funds by placing it in a client’s account, Ahmad Zahid said that he had understood this to mean that the law firm is the trustee for Yayasan Akalbudi’s funds.
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