One thing that many would like to know is where the UMNO-BN parties and its leaders have been getting their monies. For a political party, which is a Society, the normal source of income is the annual membership fees - so, if a society has 100,000 members, with an annual membership fees of RM5, then annual income would be about RM500,000. There will be expenses like renting halls for General Meetings, and maintaining its offices. Umno, for example seems to own many buildings, and, if not mistaken, PWTC as well.
The other source of income is DONATIONS - and maybe returns of investments, if there are any investments of the society/political party.
DONATIONS
- Are these monies coming from government-owned companies and/or GLCs? > if so, this is very wrong because this money(or a share of it if the the GLC is only partly owned by government) all belong to people of Malaysia - as such, income profits flow back ONLY to government for all Malaysias - not to any politician or political party?
- Have these 'donations' coming from people that were awarded government contracts? Or even contracts from GLCs and/or GLICs?...could be 'corruption'?
- Questionable monies coming from certain individuals...maybe those who have been placed as highly paid employees/Directors...a means of saying 'thank you'? Or simply doing what was expected when they were given these high income?
Now, income of societies should be placed in the bank accounts of societies, or with the treasurer - and this information need to be furnished to the Registrar of Societies annually, and maybe even to other relevant government departments...Now some UMNO members are claiming that the RM100 million plus in cash seized following recent police/MACC raids belong to UMNO, etc ...Are there monies that should really be in the accounts of political parties, held by individuals ....WHY? To keep it 'secret' from members? To avoid 'tax'? In this modern age, monies can so easily be transferred through banks ...so why pass it to someone to hand over cash to certain persons > Why hide the evidence of these transfers, and the names of the recipient...something smells fishy.
MORE INVESTIGATION, AND PROSECUTION MAY BE NEEDED...
MONEY BELONGING TO THE PEOPLE OF MALAYSIA THAT HAVE BEEN HANDED WRONGLY TO POLITICAL PARTIES OR POLITICIANS NEED TO BE RECOVERED...FOR THE BENEFIT OF THE GOVERNMENT - THE PEOPLE OF MALAYSIA...
We know that there is a lot to be done...and, it must be done as fast as possible. It was an embarrassment to Malaysia when the balance of the RM2.6 billion in a politician's account, had left the country even before investigations was even completed. Things like that must not recur....
What was stolen from the people must be recovered...and it not simply about 1MDB but also possibly many other GLCs, GLICs whether at Federal or State levels...
Related posts:-
1MDB Arul Kanda salary is....? Paying too much to CEOs/Chairmans to the detriment of Malaysians?
BN government rewarding 'friends and supporters' with OUR Money? Unjustly overpaid CEOs, Directors,...?
Land sold at undervalue to UMNO-BN linked companies? Given approval?Zuraida Kamaruddin?
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