Yayasan Akalbudi set up strictly for charitable purposes, court hears

Timothy Achariam

Former deputy prime minister Ahmad Zahid Hamidi has been slapped with 12 counts of CBT, eight counts of corruption and 27 counts of money-laundering. – The Malaysian Insight pic by Kamal Ariffin, November 18, 2019.

YAYASAN Akalbudi was set up solely for charitable purposes, said the first witness in former deputy prime minister Ahmad Zahid Hamidi’s trial today.

Companies Commission of Malaysia executive Pinny Asnan testified that the foundation was formed on March 7, 1997 by Zahid and Zulkifli Senteri, and was then known as Yayasan Budi.

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