Bank manager says transactions did not trigger AMLA red flag because they complied with conditions. FMTNews ZahidHamidi
March 3, 2020 9:59 PM
KUALA LUMPUR: The High Court here was told today that almost RM100 million was deposited into the accounts of Lewis & Co, the trustee of Yayasan Akalbudi belonging to former deputy prime minister Ahmad Zahid Hamidi, between May 2016 and April 2018. “A total of 112 of the 129 transactions were made via cheques and the rest were credited,” he said when reading out his witness statement during examination-in-chief by deputy public prosecutor Nur Aishah Maulat Ahmad Zakiuddin in the trial of Zahid, who is facing 47 charges of corruption, criminal breach of trust and money laundering.
The 39th prosecution witness said all the transactions, whether from the current account or fixed deposit account of the client, were normal transactions made in accordance with conditions set by the bank.
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