00:00 Ahmad Zahid Hamidi paid RM10 million from Yayasan Akal Budis Funds to help a company
00:06 meet a tender requirement set by Tenaga Nasional Berhad for the supply of coal from Indonesia.
00:11 The payment was issued after a meeting between Zahid and Wasi Khan, the then-CEO of Armada
00:17 Holdings, Sener Berhad.
00:18 Businessman Khalid Jiwa told the High Court he arranged for the meeting after being told
00:22 that Wasi's company needed a minimum paid-up capital of RM10 million to fulfil TNB's tender
00:27 requirements.
00:28 Khalid, commonly known as Dato K, is the husband of pop diva Siti Nurhaliza Tarudin.
00:34 Testifying in Zahid's corruption trial, Khalid said Wasi had initially asked Zahid to secure
00:38 from TNB a reduction of the paid-up capital requirement to RM5 million.
00:43 He said it was eventually agreed that Zahid will provide Armada with RM10 million in the
00:48 form of an investment.
00:50 Khalid said Wasi later told him that the payment came from the Yayasan Akal Budi.
00:54 It was returned to the foundation after Armada's tender was unsuccessful.
00:58 According to Khalid, Armada also paid a compensation of almost RM70,000 to Yayasan Akal Budi for
01:04 what he described as a "loss of opportunity".
01:07 Zahid is facing 47 counts of money laundering and criminal breach of trust involving Yayasan
01:12 Akal Budi funds.
01:14 Jason Desmond, FMT News.
01:16 (upbeat music)
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