Zahid faces additional CBT charge involving RM10 million

TheEdge Fri, Dec 14, 2018 01:26pm - 5 years View Original


KUALA LUMPUR (Dec 14): UMNO president Datuk Seri Dr Ahmad Zahid Hamidi was charged in the Sessions Court here today with an additional count of criminal breach of trust (CBT), involving RM10 million belonging to Akalbudi Foundation three years ago.

The former Deputy Prime Minister pleaded not guilty to the charge before judge Rozina Ayob.

With the additional charge, Ahmad Zahid, 65, is now faced with a total of 46 charges, comprising 11 counts of CBT, eight counts of bribery and 27 counts of money-laundering.

The additional charge against Ahmad Zahid was for allegedly, as a trustee of Akalbudi Foundation who was entrusted with RM10 million of the foundation’s funds, committed CBT by dishonestly lending it to Armada Holdings Sdn Bhd.

He was charged under Section 409 of the Penal Code  with committing the offence at Affin Bank Berhad, Jalan Bunus branch, No 133, Jalan Bunus, Off Jalan Masjid India here on Dec 8, 2015 and faces an imprisonment for up to 20 years and with whipping and a fine, if found guilty.

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