Umno to Seek Crowdfunding to Raise Funds Because of Financial Difficulties

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Umno will crowdsource funds in the near future to support the party’s political activities and administration as well as in its preparation for the 15th general election.

“For the first time, we will launch a crowdfunding initiative to finance our management and administration, as well as party activities so that we can continue to be active politically.

“This crowdfunding initiative is because we our finances have been hampered by forfeiture of party accounts,” party president Datuk Seri Ahmad Zahid Hamidi said.

He said the financial strain was due to unfair and “illegal” action towards Umno.

Finance Minister Lim Guan Eng had previously said Umno’s bank accounts will remain frozen throughout the probe into the 1MDB scandal.

“I believe we will not only get funds from members and leaders but also many other Umno sympathisers who want to help us.

Miera Zulyana

“We have not set the amount we want to raise but hope to raise as much money as possible to manage our activities,” Zahid said.

He further said that the fund would be launched at a later date, which is yet to be decided.

The Bagan Datoh MP added that a professional body will cooperate with the party to manage the crowdfunding, including vetting the source of the funds to ensure that it is clean.

Zahid was speaking to the media at the Umno headquarters at the Putra World Trade Centre on Wednesday (July 24) after a Supreme Council meeting.

On a separate matter, Umno Supreme Council members have unanimously rejected collaboration with parties “conspiring” with DAP.

Zahid said neither Umno nor PAS will collaborate with such parties, but was open to discussions to hear their views.

He added that this was because DAP was seen to have a hidden agenda, with its cabinet ministers carrying out policies based on the party’s agenda instead of national interests.

He also said the Supreme Council had given the sole mandate to the party president to represent Umno at any political deliberations with parties outside Barisan Nasional (BN) and PAS.

 “No one else can represent the party in such discussions. I will listen to the views of other parties but Umno will not cooperate with them as long as DAP is with them.”

Zahid said the party will also be holding its general assembly in November where a proposal will be put forward to the delegates to amend the party’s constitution.

He said the amendment will be presented to the delegates by the party’s supreme council.

On June 21, the Malaysian Anti-Corruption Commission (MACC) filed a civil forfeiture against 41 recipients and entities to recover RM270 million related to 1Malaysia Development Berhad (1MDB).

The 41 named in the suit were individuals, political parties, trust funds and business entities that received monies from former prime minister Datuk Seri Najib Razak’s personal AmBank account.

Umno was said to be the biggest recipient, with RM212 million going into the accounts of several state liaison committees, divisions and leaders.