Umno has had secret bank account to receive political donations since 1988
Issue
- UMNO's secret unaudited accounts
- According to prosecutors, UMNO allegedly has a secret bank account the same year it was deregistered in 1988.
Directly implicated parties
Indirectly implicated parties
- Mahathir Mohamad
-
Mahathir bin Mohamad is a Malaysian politician who served as the prime minister of Malaysia from 1981 to 2003 and 2018 to 2020. He is a member of the Parliament of Malaysia for the Langkawi constituency in the state of Kedah.
- Daim Zainuddin
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Daim Zainuddin is the former Finance Minister of Malaysia from 1984 to 1991.
Implicated parties through circumstantance
Disclosing Parties
Source
Link
The Edge Markets, (11 Feb, 2021). Umno has had secret bank account to receive political donations since 1988. Retrieved 15 Feb, 2021, from
File(s)
Notes
“The evidence of Umno’s treasurer (not named) was that there was another unofficial, unaudited bank account that had been used by Umno since 1988 to receive political donations. The unaudited political donations in cash also contravened Section 14(1)(d) and (b) of the Societies Act 1966,” the prosecution told the court.
“The unaccounted, unverified and unaudited nature of cash seized is also in contravention of various provisions of the Societies Act, which may result in the de-registration of Umno by the Registrar of Societies,” the prosecution added.
It is understood that the account previously had more than RM193 million. However, in the middle of last year, that amount was withdrawn and given to a non-governmental organisation called Kelab Prihatin Graduan, police investigation revealed.