,The cash contribution of RM7.5 million made by Yayasan Albukhary to Umno president Ahmad Zahid Hamidi's foundation, Yayasan Akalbudi, is not illegal, Zahid's lawyer says. – The Malaysian Insight file pic, September 14, 2021.
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THE prosecution has not shown that it was illegal for Yayasan Albukhary to contribute RM7.5 million in cash to Ahmad Zahid Hamidi’s charity foundation Yayasan Akalbudi, the defence said today at the Kuala Lumpur High Court.
It was alleged that Zahid had ordered money changer, Omar Ali Abdullah, to convert the cash into 35 cheques to be deposited into law firm Lewis & Co to purchase fixed deposits in Maybank.