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Thursday, August 6, 2015

HERE COMES THE STOOGE: After Najib's 'donation', EC wants review of polls funding limits

HERE COMES THE STOOGE: After Najib's 'donation', EC wants review of polls funding limits
KUALA LUMPUR - The Election Commission (EC) will suggest that it be given the power to review the limits of funds used in parliamentary and state elections.
In an interview with Buletin Awani today, EC chairman Tan Sri Abdul Aziz Mohd Yusoff called for the move citing the current situation, presumably referring to recent allegations surrounding RM2.6 billion in donations channelled into an account under the name of Prime Minister Datuk Seri Najib Razak.
He said it was also important to know the source of the funding and how it was spent.
“With the current situation, I would suggest that the limits of the expenses be reviewed.
“Maybe the EC should be given the power to audit and determine if the right amount of money is spent for the election campaigns,” said Abdul Aziz in the interview.
The news channel also reported him as calling on the Registrar of Societies (RoS) to look carefully into the financial sources behind the political parties which register under it and determine if the funds came from inside or outside the country.
He said these are important to ensure that all political parties were able to fairly use the funds they garnered for their campaigns.
“There are many models overseas. Some say the sources must be legally-registered companies.
Tan Sri Abdul Aziz Mohd Yusoff
“It means no black money,” he said, admitting that although funds are necessary to assist political parties with their party management and administration, the commission is responsible for ensuring the funds used do not exceed RM200,000 for parliamentary and RM100,000 for state seats elections.
International news organisation The Wall Street Journal (WSJ) had previously published an expose alleging that RM2.6 billion was channelled into Najib’s account, said to be from SRC International, formerly a subsidiary of national sovereign fund 1Malaysia Development Berhad’s (1MDB).
However, anti-graft agency Malaysian Anti-Corruption Commission (MACC), which is part of a Special Task Force probing the RM2.6 billion allegation, has stated that the money came from donations from the Middle East instead of from the state investment arm.
WSJ had also reported that the money was used to fund Najib’s election campaigns in 2013. - Therakyatpost

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