Tengku Razaleigh says individuals should not be holding Umno funds.
Umno veteran Tengku Razaleigh Hamzah has urged the party to stop its policy of having office bearers personally hold party funds.
Tengku Razaleigh, better known as Ku Li, said money politics was a serious issue plaguing the party.
“None of the Umno members should collect donations or keep funds received for the party.
“All funds received must be held on behalf of Umno, not the name of the individual holding office,” the Gua Musang MP said yesterday at the Parliament lobby.
This comes after cash amounting to RM116.7 million was seized in raids on premises linked to former Umno president Najib Razak.
On July 11, Umno was reported to have appointed lawyer Hariharan Tara Singh to reclaim most of the RM116.7 million seized by the authorities.
It had claimed that a substantial portion of the money seized belonged to Umno and had no relationship whatsoever with the 1MDB or SRC case.