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Bombshell – Zahid’s ‘good deed’ foundation does not exist!

October 22, 2018

Address leads to vacant lot – yet Umno chief still insists his arrest & prosecution for corruption is political revenge

* Got no Richard Mille watch to tell me the time ma!  
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Zahid’s granddaughter issues defiant message to opponents [samseng like her atok!]
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We bought data about Zahid’s Yayasan Akalbudi. Here’s the weird stuff we found.
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The downfall & misfortune of Zahid – The shortest serving UMNO president in history  

Putrajaya,11/10/2018, Datuk Seri Zahid Hamidi leaves the MACC Headquarters building after being questioned over 9 hours today, MALAY MAIL/AZINUDDIN GHAZALI

Yayasan Akalbudi, the family foundation former deputy prime minister Ahmad Zahid Hamidi is charged with having misappropriated funds from, exists [only] on paper but has no physical building.

Despite being in existence since 1997, its registered address in Kampung Baru, Kuala Lumpur, has only ever been a grilled fish eatery.

No. 69E-4, Jalan Raja Abdullah in Kampung Baru is now a vacant lot, fenced up with a sign warning trespassers that it is a private property.

The charity foundation, established by Zahid’s family and described by him as a fund to support Islamic education, is registered as a limited company by guarantee with the Companies Commission of Malaysia (SSM) and was set up on March 18, 1997.

“Prior to this, it was a grilled fish restaurant but was demolished and is now an empty lot. In the 1990s, (before the grilled fish restaurant) it was a double-storey bungalow.

“The land is now a private property but we are uncertain who the owner is,” 70-year-old Latiff Ismail, a resident in the area, told The Malaysian Insight.

The sign warning trespassers that they will be prosecuted at the vacant lot in Kampung Baru. Yayasan Akalbudi has no physical building or social media presence. – The Malaysian Insight pic, October 20, 2018.

During the 14th general election, the lot was used as a campaign site for Barisan Nasional.

“After the election, nothing. Before that, there was only a grilled fish restaurant. I’ve never even heard of Yayasan Akalbudi ” said Rostam Baharuddin, 61.

Zahid was charged with 10 counts of criminal breach of trust yesterday for misappropriating RM20.83 million belonging to the foundation, of which he is a trustee. The offences in relation to the foundation took place between January 2014 and January 2016.

While he was being investigated by the Malaysian Anti-Corruption Commission, Zahid was said to have used RM800,000 of the foundation’s funds to pay off his and his wife’s credit card bills.

Zahid has insisted that this was a genuine mistake committed by officers handling his bill payments.

Where such foundations typically publicise their good work and acts of charity, Yayasan Akalbudi, however, has almost no public profile with little publicity about it on the internet. It does not even have a website or a social media presence on platforms like Facebook, Twitter or Instagram.

Besides the criminal breach of trust charges involving the foundation, Zahid, who was also former home minister, was charged with eight counts of corruption for abusing his power as home minister to receive gratification over projects involving passport chips, a one stop centre for foreign worker recruitment, and for projects involving government e-payment platform MyEG.

Altogether, the Umno president faces 45 counts involving a total of RM114.15 million.

He is out on bail of RM2 million, having paid half of it, with the balance due to be paid on October 28. – THE MALAYSIAN INSIGHT

Arrest, charges against me politically motivated, says Zahid

AHMAD Zahid Hamidi has branded the charges and prosecution brought against him yesterday as “politically motivated”.

The Umno president said this when asked to describe how he felt about his arrest last Thursday and the 45 charges of corruption filed against him yesterday.

“It is politically motivated,” Zahid said in a text message to The Malaysian Insight today.

Yesterday, Zahid had outside the court vowed to fight the charges, and that because his partymen saw them as politically motivated, neither he nor his predecessor, Najib Razak, would not be suspended.

The former deputy prime minister and home minister yesterday claimed trial to 45 counts of criminal breach of trust, abuse of power and money laundering involving RM114.15 million.

Of the total, RM21.25 million was allegedly for kickbacks for approving projects related to the recruitment of foreign workers.

The sum involved in the 27 charges of money laundering was RM72.06 million, and included the purchase of two bungalow lots in Kajang worth RM5.9 million.

Most of the charges under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA) were for offences that took place between May 2016 and April this year in the form of bank deposits to a Maybank account.

The deposits were all made from an account belonging to law firm Lewis & Co Advocates & Solicitors, according to the charge sheets.

Zahid also faces 10 counts of criminal breach of trust involving RM20.83 million belonging to the foundation Yayasan Akal Budi, which he chairs.

The former deputy prime minister also faces eight counts of corruption for abusing his power as home minister.

Umno Supreme Council member Tajuddin Abdul Rahman had said yesterday the party would not suspend Najib or Zahid as the actions of the current administration against them appeared to be politically motivated.

Tajuddin said the charges against Najib and Zahid were not the same as those faced by some party members who were previously suspended after being charged in court.

The difference, he said, was that the charges against the other party members were not politically motivated.

Meanwhile, Prime Minister Dr Mahathir Mohamad said earlier today that the charges were not politically motivated and that no one in Malaysia was above the law. THE MALAYSIAN INSIGHT

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