Ku Li: Stop letting Umno leaders hold party funds

Umno veteran Tengku Razaleigh Hamzah says party funds should not be held in an individual’s name.

KUALA LUMPUR: Umno veteran Tengku Razaleigh Hamzah has urged the party to stop its policy of having leaders hold party funds.

Tengku Razaleigh, better known as Ku Li, said money politics was a serious issue plaguing the party.

“None of the Umno members should collect donations or keep funds received for the party.

“All funds received must be held on behalf of Umno, not the name of the individual holding office,” the Gua Musang MP said today at the Parliament lobby.

This comes after cash amounting to RM116.7 million was seized in raids on premises linked to former Umno president Najib Razak.

The money, which was kept in various currencies, was part of cash and luxury goods that was seized from several properties linked to the family of former prime minister Najib Razak.

Police said the items seized were worth over RM1 billion.

The raids, which took place a week after the May 9 general elections, were part of an investigation into 1MDB’s former subsidiary, SRC International (SRC).

The Malaysian Anti-Corruption Commission (MACC) also froze Umno’s party accounts as part of investigations into 1MDB.

On July 11, Umno was reported to have appointed lawyer Hariharan Tara Singh to reclaim most of the RM116.7 million seized by the authorities.

It had clamed that a substantial portion of the money seized belonged to Umno and had no relationship whatsoever with the case of 1MDB or SRC.