YOURSAY | Umno’s multi-million slush fund is an open secret
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BlueShark1548: During Dr Mahathir Mohamad’s time in 1988, Umno was deregistered and monies were allegedly held by three trustees. After Umno Baru was registered, what happened to the monies?
When Mahathir stepped down, he apparently handed about RM200 million cash to Abdullah Ahmad Badawi together with other Umno assets. So, did Badawi keep the cash under trustees or in secret accounts?
In early 2020, the account had RM193 million in cash and most of it was transferred to Kelab Prihatin Graduan, whose chairperson was listed as an Umno financial director.
KUALA LUMPUR (Feb 11): What was supposed to be a focus on the forfeiture hearing of assets worth between RM900 million and RM1.1 billion linked to 1Malaysia Development Bhd (1MDB) has shifted to the revelation of a secret unaudited bank account held by Umno since 1988.
The ongoing case concerns Datuk Seri Najib Razak’s suit over some RM114 million in cash that was part of the loot seized from his home by police in 2018.
During proceedings last week, the prosecution led by DPP Muhammad Saifuddin Hashim Musaimi told the court that during the course of their investigations, the police discovered the existence of a secret unaudited bank account held by Umno.