Article Related To political fund

Fumio Kishida on Tuesday sacked a minister over political funds scandal as the chief executive's Cabinet is struggling with an approval rating.

BN is determined to ensure that political practices in Malaysia are carried out in a responsible and transparent manner through the formulation of the Political Funding Act.

The gist of the Political Funding Bill needs to be drafted at the central and state levels so that the channelling of funds for the General and State Elections will be more transparent.

The government expects the Political Funding Bill to be tabled for the first and second readings in Parliament in early and late November.

The donation ban also applies to government-related companies and companies that receive licences or grants from the government.

A memorandum on the proposed Political Funding Bill is expected to be presented at the Cabinet meeting next month to enable the bill to be tabled in the next Parliament sitting in October.

The High Court was today told that UMNO Information Chief Shahril Sufian Hamdan, former ministers Chan Kong Choy and Ong Ka Chuan were also given political donations by UKSB.

Tan Sri Mohd Sidek Hassan told the High Court today that he was of the opinion that 1MDB was established as a political fund for BN as the matter was discussed among the Cabinet ministers.

Tan Sri Mohd Sidek Hassan told the High Court today that according to his understanding, strategic investment company 1MDB was set up as a political fund for the ruling party then, Barisan Nasional.

The political funding bill must be discussed in detail to ensure the law is effective, efficient and relevant, said Home Minister Datuk Seri Hamzah Zainudin.

Ismail Sabri said the government has agreed in principle to the proposed enactment of the Political Funding Bill and the policy scope would be tabled to the Cabinet soon.

The Shah Alam High Court was told today that the money given by Ultra Kirana Sdn Bhd (UKSB) to Ahmad Zahid Hamidi was a political donation.

The recommendations made by GIACC involved the policy direction on the enactment of the bill related to political funding, Wan Junaidi said.

UMNO Youth hopes that the government can expedite the tabling of a law on political funding to ensure that parties report their financial resources transparently.

Studies are being carried out on a proposed Political Funding Act with a focus on the regulatory aspects of political contributions based on the principles of transparency and accountability.

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