Father entitled to RM650,000 in estranged children’s accounts, court rules
The Court of Appeal has ruled that a former pilot is entitled to some RM650,000 deposited in Amanah Saham Bumiputera (ASB) accounts registered in the names of his four estranged children.
A three-member bench chaired by Justice Azizul Azmi Adnan said the funds were held in trust for Zahid Abdul Aziz, 63, and that the children had breached their fiduciary duties.
“There is no merit in the defendants’ appeal. (Zahid’s) claim is fully upheld through all levels of appeal,” said Azizul, who sat with Justices Ahmad Fairuz Zainol Abidin and Evrol Mariette Peters.
In dismissing the final appeal from Nurul Izzati Zahid, 36, Khairi Zahid, 34, Azri Zahid, 30, and Zafri Zahid, 23, the bench ordered the siblings to pay RM20,000 in costs to their father.
Lawyer Hazman Harun appeared for the siblings, while counsel Zubir Embong appeared for Zahid.
Zahid, who filed the suit, said…
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