Page 50 - PH Manifesto English

Promise 18: Create a political financing mechanism that has

integrity

The world was shocked to discover that UMNO’s President Dato Sri

Najib Tun Razak, received RM 2.6 billion into his personal account before
GE13. Until now, there are still many unanswered questions about the

sources of such a huge amount of money. Immediately after the scandal was

revealed, UMNO and Barisan Nasional acted as if they want to rectify the
situation. But, to this day, no action is taken to regulate political funding so

that corruption is not repeated.

The Pakatan Harapan Government will ensure funding of politics in our

country is transparent and free from corrupt practices. A new Political

Financing Control Act will be introduced for this purpose.

Pakatan Harapan recognizes that various parties have given their views on

the mechanisms necessary to ensure that laws relating to political financing
are firm and have integrity. In the first year of our administration, Pakatan

Harapan will set up a Special Committee to examine again all such

proposals. This Committee will be tasked with preparing the Act.

The main principles of the Act will be:

• Political parties that qualify will receive annual funding from the

Government according to a formula that is transparent and consistent

• All political contributions must be from sources that can be identified
• Political parties must submit audited financial report every year

• Political parties cannot have assets in excess of RM1 billion

• Government-owned companies are not allowed to make political
contributions

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