News by Timothy Achariam

Datuk Nallini Pathmanathan, in a summary of her judgement to the press, said the 10% service charge “does not belong to the hotel” and as such, should go to the employees.

Former deputy prime minister Datuk Seri Ahmad Zahid Hamidi is facing 47 charges involving millions of ringgit belonging to his charity arm Akalbudi Foundation. 

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.

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

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.

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.

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.

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.

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. 

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.