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Zahid case: Bank officers confirm RM26 million went to proxy account

Zahid has been charged on 47 counts of bribery, money laundering and criminal breach of trust.

TheMole
Written by TheMole

KUALA LUMPUR — June 15, 2020: Several bank officers confirmed in their testimony today that almost RM26 million was deposited into the proxy account of former deputy prime minister Datuk Seri Ahmad Zahid Hamidi within two years from March 2016.

They also confirmed not seeing anything suspicious or unlawful about the deposits made into the account of law firm Lewis & Co., the trustee for Yayasan Akalbudi, from which Zahid is accused of misappropriating about RM6 million. He is charged on 47 counts of criminal breach of trust, bribery and money-laundering.

One point that was asked by prosecutor Harris Ong was that if they knew why the cheques were made out to the law firm, to which all the officers answered in the negative.

The cheques from Maybank, CIMB Bank, RHB Bank, Public Bank and Hong Leong Bank were issued by several individuals and Cergas Murni Sdn. Bhd., HRA Teguh Sdn. Bhd., MYEG Sdn. Bhd., Chia Bee Enterprise Sdn. Bhd. and KG Rajan Gunaretnam.

The trial before Justice Collin Lawrence Sequerah continues tomorrow.

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TheMole

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