YAB funds came from contributions, not proceeds from illegal activities, says Zahid

By NURBAITI HAMDAN

Nation
Monday, 27 Jun 2022
6:54 PM MYT

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KUALA LUMPUR: The RM65mil funds from Yayasan Akalbudi (YAB) that went into a fixed deposit account at Messrs Lewis & Co came from the contributions of individuals and corporate bodies, the High Court was told.

Former deputy prime minister Datuk Seri Dr Ahmad Zahid Hamidi said the funds that were given to YAB - a charity foundation he established - were meant for charity purposes.

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Tags / Keywords: Funds , Yayasan Akalbudi , YAB , fixed deposit , Messrs Lewis & Co , contributions , corporate bodies , High Court , Ahmad Zahid Hamidi

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Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
HSI-CWC4	0.105	0.120	0.105	0.115	0.030	35.29	2,145,618
HSI-PWFQ	0.115	0.115	0.100	0.100	-0.035	-25.93	1,440,404
HSI-PWD2	0.065	0.065	0.055	0.060	-0.020	-25.00	1,042,787
MYEG-C7K	0.020	0.020	0.020	0.020	0.000	0.00	809,610
HSI-PWDU	0.065	0.065	0.055	0.055	-0.025	-31.25	767,403
MYEG	0.910	0.915	0.885	0.890	0.000	0.00	754,197
HSI-CWEI	0.180	0.185	0.170	0.185	0.035	23.33	634,076
GAMUDA-C2R	0.030	0.035	0.030	0.035	0.010	40.00	580,294
HSI-CWEP	0.120	0.135	0.120	0.130	0.025	23.81	506,782
RTECH	0.190	0.275	0.190	0.270	0.085	45.95	459,095
PERTAMA	0.130	0.145	0.130	0.135	0.010	8.00	388,550
NATGATE	1.200	1.220	1.150	1.210	0.050	4.31	341,297
CIMB	6.800	6.850	6.780	6.850	0.100	1.48	318,204
HSI-CWCT	0.090	0.105	0.085	0.100	0.025	33.33	309,252
INSAS-WC	0.050	0.055	0.040	0.045	-0.010	-18.18	307,121

YAB funds came from contributions, not proceeds from illegal activities, says Zahid