RM10m Akalbudi funds to Armada Holdings for investment - Datuk K

The Kuala Lumpur High Court heard today that the RM10 million Ahmad Zahid Hamidi gave to Armada Holdings Sdn Bhd, through Yayasan Akalbudi (YAB), was for a tender bid to supply coal to Tenaga Nasional Berhad (TNB) and for investment purposes.

Businessperson Khalid Mohamad Jiwa, better known as Datuk K, 64, said the RM10 million had been returned to the foundation, with interest amounting to RM69,722.65.

He disagreed with a suggestion by...