How did Yayasan Akalbudi funds pay Zahid’s RM1.36m credit cards?

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Yayasan Akalbudi Funds Used for Credit Card Payments

Funds from the charitable foundation Yayasan Akalbudi were utilised to settle credit card bills amounting to over RM1.3 million for Datuk Seri Ahmad Zahid Hamidi and his wife, Datin Seri Hamidah Khamis, between 2014 and 2016. These payments were made through a series of cheques drawn from the foundation's Affin Bank account.
Allocation of Funds for Credit Card Bills

The total sum of Yayasan Akalbudi funds used for Zahid's personal credit card expenses amounted to RM1,362,037.81. This figure encompasses payments made via 35 cheques, totalling more than RM1.2 million, which were issued from the foundation's account to settle bills for Zahid’s AmBank credit cards and his wife’s supplementary cards between January 2014 and January 2016.
Additional Credit Card Payments

Further credit card expenses were covered by Yayasan Akalbudi funds through additional cheque issuances. Seven cheques were used to pay RM34,686.03 for Zahid’s Maybank credit cards between February 2014 and March 2015. Additionally, one cheque for RM30,635.80 was issued in July 2015 to cover payments for Zahid’s American Express Platinum credit card.
Vehicle Insurance and Road Tax Payments

In addition to credit card bills, funds from Yayasan Akalbudi were also directed towards vehicle-related expenses. Three cheques, totalling RM107,509.55, were disbursed from the foundation’s Affin Bank account to pay for the road tax and insurance policies for 20 vehicles. These vehicles were registered primarily under the names of Zahid and his wife.

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How did Yayasan Akalbudi funds pay Zahid’s RM1.36m credit cards?

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