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'BN never said no to declaring political funds'

'BN never said no to declaring political funds'
The BN-led government had never opposed the plan for political parties in the country to declare their political funds, Tengku Adnan says.
KUALA LUMPUR: The Barisan Nasional-led government had never opposed the plan for political parties in the country to declare their political funds.

In fact, UMNO secretary-general Datuk Seri Tengku Adnan Tengku Mansor said BN was always prepared to make the declaration at any time.

"When it comes to declaring political funds, we at UMNO and Barisan Nasional have already agreed. It is the Opposition who were against it. That is the problem.

"We are willing to reveal our funds at any time," he said after officiating the Online Entrepreneur Convention at the Putra World Trade Centre earlier today.
On Friday, a special panel on political funding proposed a new law in order to curb abuses. However, it also suggested that this may not be in place before the next general elections.

Among the proposals listed in the Political Donations and Expenditure Act are the formation of an independent oversight body with the power to, among others, confiscate money from unknown sources.
The panel was set up by Prime Minister Datuk Seri Najib Razak on Aug 14 last year.

They were given a year to come up with constructive ways and approach in order to solve the issue of political funding that has been prevalent in the country.