Zahid’s company was never audited, court hears

Yayasan Akalbudi’s company secretary Mahinder Kaur said Zahid had appointed her as the foundation’s secretary in 2012 and was tasked to update the documents of Yayasan Akalbudi back to 2003. Source (pic): TTF Files

محكمة الاستماع ، لا يجوز تقديم المشورة لشركات زاهد

Yayasan Akalbudi, a company owned by Datuk Seri Dr Ahmad Zahid Hamidi, has never been audited or has filed its financial reports with the Malaysian Companies Commission (SSM), the High Court heard today.

The company secretary Mahinder Kaur said she was unable to forward the foundation’s documents to SSM due to incomplete documents.

She said Yayasan Akalbudi also never conducted audits on its accounts and did not submit audit reports to SSM.

Mahinder was testifying as the 28th prosecution witness in Zahid’s corruption trial, where the former deputy prime minister is facing 47 charges – 12 for criminal breach of trust, eight for bribery and 27 for money laundering, involving Yayasan Akalbudi funds totalling millions of ringgit.


KUALA LUMPUR: Yayasan Akalbudi, a company owned by Datuk Seri Dr Ahmad Zahid Hamidi, has never been audited or has filed its financial reports with the Malaysian Companies Commission (SSM), the High Court heard today.

The company secretary Mahinder Kaur said she was unable to forward the foundation’s documents to SSM due to incomplete documents.




Mahinder, who was director of MKSS Management Sdn Bhd, another company owned by Zahid, said she knew the latter since 1989 through a friend.

She said Zahid had appointed her as the foundation’s secretary in 2012 and was tasked to update the documents of Yayasan Akalbudi back to 2003.

“However, I was unable to do it as Zahid never provided me with complete documents even though I asked him many times.

“Yayasan Akalbudi also never tabled its financial report for me to file with SSM,” she said in her witness statement.

She said Yayasan Akalbudi also never conducted audits on its accounts and did not submit audit reports to SSM.

Mahinder was testifying as the 28th prosecution witness in Zahid’s corruption trial, where the former deputy prime minister is facing 47 charges – 12 for criminal breach of trust, eight for bribery and 27 for money laundering, involving Yayasan Akalbudi funds totalling millions of ringgit.

The trial continues.

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