This article is 2 years old
Zahid denies committing CBT involving RM17.9m of foundation funds
Ahmad Zahid Hamidi today denied committing a criminal breach of trust involving RM17,953,185.21 of Yayasan Akalbudi (YAB) funds and instead claimed that he transferred the money to a legal firm because his former executive secretary was prone to making mistakes in handling money.
This amount of the funds involved the sixth of 12 charges of criminal breach of trust the former deputy prime minister is facing.
Zahid, 69, told the High Court that he appointed Lewis & Co to handle the funds of the foundation owned by him...
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