Prosecution’s case in Zahid’s CBT, corruption, money laundering trial comes to a close
Former deputy prime minister Datuk Seri Ahmad Zahid Hamidi is facing 47 charges involving millions of ringgit belonging to his charity arm Akalbudi Foundation.
Zahid's foundation cannot receive political donations — MACC officer
Malaysian Anti-Corruption Commission (MACC) investigating officer Khairudin Kilau told the court this when Zahid’s lawyer Datuk Ahmad Zaidi Zainal suggested that the money was actually political donations from third parties which the former deputy premier parked in Yayasan Akalbudi’s bank account.
Hard to trace money trail at NFC, says defendant’s witness
Defendant’s first witness Andrew Heng, a partner in the firm Ferrier Hodgson MH: NFC was operating and trading at that time (between 2008 and 2011), they were accruing revenue. There is no way to trace that money went to the defendants and no way to trace if they had used the money for purposes outside NFC
Cattle farmer NFC would be worth RM95 million had it remained in operation, says expert witness
The defendant's first witness Andrew Heng, a partner in the firm Ferrier Hodgson MH, testified that the net worth of RM85-RM95 million was based on his projections. Heng was commissioned by NFC to conduct a review of a due diligence report conducted by PricewaterhouseCoopers Malaysia.
Roger Ng's US trial expected to begin June or July; still unclear when he will return to Malaysia
Ng is facing four charges in Malaysia and currently extradited to the US while awaiting his trial for conspiring to launder money and bribe government officials in Malaysia and Abu Dhabi through bond offerings that Goldman Sachs handled.
Court dismisses NFC's bid to sell three plots of land procured from Negri Sembilan govt
Judicial Commissioner Anand Ponnudurai dismissed the application by the eleven defendants when trial resumed this morning, and awarded costs in the cause to the Federal Government.
Zahid asked Singaporean businessman for RM10m donation, says witness
According to news reports, former deputy prime minister Datuk Seri Ahmad Zahid Hamidi is facing 47 charges involving millions of ringgit belonging to Yayasan Akalbudi.
Albukhary’s RM5m donation to Zahid’s foundation was paid by cheque, says MACC officer
Malaysian Anti-Corruption Commission (MACC) investigating officer Amirudin Nordin, testifying in Zahid’s corruption trial, said there were no documents from both foundations to show that Yayasan Albukhary had made the donation to Yayasan Akalbudi in cash.
RM7.5m cash allegedly donated to Zahid's charity was not from Yayasan Albukhary, MACC officer tells court
During Ahmad Zahid's money-laundering trial, MACC investigator Mohd Fahmee Mohamad Nor said the cash given to money changer Omar Ali Abdullah, which he then turned into 35 cheques made out to law firm Messrs Lewis & Co, was a form of money laundering.
Zahid lodges police report over viral message claiming more charges to be filed against him
The message, which went viral over the weekend, stated that a number of things were purportedly discussed in the Supreme Council meeting, among them filing more serious charges against the Umno president and using those charges for Bersatu’s negotiations with Umno in gaining the latter's support in Parliament.
