KUALA LUMPUR (Bernama): Datuk Seri Dr Ahmad Zahid Hamidi (pic) was prepared to advance USD$2.058mil (RM8.79mil) from his basis Yayasan Akalbudi to settle excellent mortgage repayments for Ri-Yaz Asset Sdn Bhd, to allow his daughter Nurulhidayah to take over the shares of the corporate, the Excessive Court docket right here was informed on Tuesday (July 14).
Datuk Mat Noor Nawi, 65, the previous chairman of Export-Import of Financial institution of Malaysia Berhad (EXIM Financial institution), whereas studying his witness assertion stated that the mortgage reimbursement to EXIM Financial institution was for the acquisition of a resort in Bali, Indonesia.
He stated the arrears needed to be settled earlier than 60 per cent of shares in Ri-Yaz Asset may very well be transferred to Nurulhidayah from the corporate’s controlling shareholder, Tan Sri Rashid Manaf.
“Datuk Seri Ahmad Zahid had stated that if he superior the cash from the muse, Datuk Nurulhidayah and Datuk Shaheen (shareholders of Ri-Yaz Asset) must repay the quantity again to the muse,” he stated on the 25th day of former deputy prime minister’s trial linked to corruption, cash laundering and prison breach of belief involving tens of millions of ringgit in funds from Yayasan Akalbudi.
The 76th prosecution witness stated he and EXIM Financial institution CEO Norzilah Mohammed had a gathering with Zahid, Nurulhidayah and Shaheen on the deputy prime minister’s workplace in Putrajaya on June 23, 2016, to get approval from the financial institution to permit Nurulhidayah to take over the shares.
He stated that on June 24, 2016, EXIM Financial institution despatched a letter to Ri-Yaz Asset requesting cost of the USD2.058mil in arrears, and Ri-Yaz Asset made the cost to the financial institution on July 5, 2016.
Mat Noor stated EXIM Financial institution’s Banking and Credit score Committee assembly on Dec 14, 2016, had agreed to the switch of shares between Rashid and Nurulhidayah, stipulating that Rashid ought to stay the guarantor of Ri-Yaz Asset’s debt with the financial institution, and should retain not less than a 10 per cent stake within the firm.
He stated Rashid was required to stay because the guarantor for the Ri-Yaz Asset mortgage, because it had been beforehand authorized on the premise of Rashid’s industrial energy.
“Nevertheless, so far as I do know, Nurulhidayah didn’t pursue the intention to buy 60 per cent of Rashid’s shares in Ri-Yaz Asset. Rashid’s shares have been later purchased by an organization from Indonesia, however I have no idea who the customer is,” he stated.
In the meantime, Mat Noor agreed with lawyer Datuk Ahmad Zaidi Zainal who represented Zahid that the financial institution didn’t have any subject with a 3rd celebration paying the excellent mortgage quantity.
Requested by Zaidi on whether or not he knew if all of the funds (for arrears) had been returned as Nurulhidayah didn’t proceed with the intention to purchase the shares, the witness replied: “Sure, I do know”.
When requested by DPP Ahmad Sazilee Abdul Khairi throughout cross-examination on what was the premise for settling the excellent mortgage reimbursement quantity, the witness stated it was a prerequisite to the proposal for Nurulhidayah to take over the Ri-Yaz Asset shares.
Mat Noor additionally stated that the mortgage arrears have been settled by Ri-Yaz Asset, however he didn’t know from the place the agency had obtained the funds.
In the meantime, the 78th prosecution witness, Datuk Mohd Jimmy Wong Abdullah, 68, informed the court docket that 14 demand drafts and a cheque totalling RM9mil in contributions have been offered to Zahid for the development of mosques in Melaka and Nation Heights, Kajang.
Wong, a non-executive director of MYEG Providers Berhad, additionally confirmed that he had personally handed over the demand drafts and cheque dated between Could 13, 2016, and March 26, 2018, value RM600,000 every, to Zahid on the latter’s residence.
“Throughout the handover, Datuk Ahmad Zahid would acknowledge the receipt of the donations for the aim of constructing the mosques,” he stated when studying his assertion.
He stated Zahid additionally requested for the contributions to not be paid in money, and that the cash needs to be positioned into the account of Lewis & Co because the trustee of Yayasan Akalbudi.
Zahid, 67, is dealing with 47 fees, with 12 of them involving prison breach of belief, eight for corruption and 27 for cash laundering.
The trial earlier than Decide Collin Lawrence Sequerah continues July 27.- Bernama