Zahid took 39 insurance policies for 20 vehicles, court told

Former deputy prime minister Ahmad Zahid Hamidi is facing 47 charges involving tens of millions of ringgit in funds belonging to the Akalbudi Foundation.

KUALA LUMPUR: Former deputy prime minister Ahmad Zahid Hamidi and his family had bought 39 insurance policies for 20 vehicles owned by his family, totalling RM72,209, from Allianz General Insurance, the High Court heard today.

Allianz General Insurance branch manager Fang Suat Lim, 49, said the policies were bought by Zahid for 20 vehicles, including 18 luxury brand vehicles belonging to him such as BMW X5, Mini Cooper S, Mercedes Benz CLS350, BMW 320i (A), Toyota Land Cruiser and a high-powered motorbike, BMW R1200 GS.

Yesterday, Fang told the court that Zahid and his family took 23 insurance policies for 12 vehicles owned by them, totalling RM44,602.47.

Today, the witness said Zahid had bought another 16 insurance policies for eight vehicles amounting to RM27,607.10, making it 39 insurance policies totalling RM72,209.57.

She said the policies for 20 vehicles, valued between RM113.80 and RM8,552.52, were registered under Zahid’s name, that of his wife, Hamidah Khamis, and their children — Nurulizwani, Datuk Nurulhidayah and Ahmad Syafiq Hazieq.

“For a Chrysler Wrangler with registration number J 38, Zahid took two types of insurance policies amounting to RM4,925.15.

“For a Toyota Vellfire with registration number KDN 38, he had bought two types of insurance policies totalling RM6,368.55,” the 13th prosecution witness said.

Fang was reading her witness statement on the eighth day of Zahid’s trial. Zahid is facing 47 charges involving millions of ringgit belonging to the Yayasan Akalbudi charity foundation.

Yesterday, Fang told the court that Zahid and family bought four types of insurance policies, namely private car policy, motorcycle policy, enhanced road warrior policy and bike warrior policy.

The witness also said these policies were paid through cheques from three different banks, namely Public Bank Berhad, Public Bank Islamic and Maybank Berhad, between January and November 2015.

She said the payments were made through the company, Maya Consultant Services, and insurance agent Ahmad Izhan Abd Rashid to Allianz General Insurance.

According to Fang, the value of the insurance policies and the amount reflected in the Allianz official receipt differed because there was a deduction for commission for payments made through Allianz insurance agents.

“Insurance agents would receive 10% commission from the premium amount for insurance paid by customers,” she said.

Zahid, 66, faces 47 charges — 12 for criminal breach of trust (CBT), eight for corruption and 27 for money laundering — involving tens of millions of ringgit in funds belonging to the Akalbudi Foundation.

The trial before Judge Collin Lawrence Sequerah continues on Monday.