MyEG active, falls 2.67% on being named in charges against Zahid

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KUALA LUMPUR (Oct 19): My E.G. Services Bhd (MyEG) fell 2.67% in active trade at mid-morning today after it was named in the charges against former deputy prime minister Datuk Seri Ahmad Zahid Hamidi.

At 11.19am, MyEG's share price fell 4 sen to RM1.46 with 18.05 million shares traded.

Online portal Malaysiakini reported that Zahid has been alleged as receiving 10 cheques worth RM5 million to help a company to secure a MyEG project.

Furthermore, Zahid allegedly received RM250,000 in his capacity as home minister to help a consulting company get a MyEG project. The charge is punishable under Section 24(1) of the MACC Act.

He was also charged for receiving 13 cheques totalling RM8 million to help a company get a MyEG project.

Zahid has claimed trial to a total of 45 charges against him.

The prosecution is led by DPP and former Federal Court judge Datuk Seri Gopal Sri Ram, who requested for bail to be set at RM2 million.

Session Court Judge Azura Alwi resolved with RM1 million bail due today and the balance by Oct 26.