KUALA LUMPUR: The Government is expected to explain the US$700mil (RM2.6bil) political donation that was banked into the Prime Minister's personal account during this Dewan Rakyat sitting, according to Datuk Seri Azalina Othman Said.
“This will be answered together with other similar questions in this sitting, at a date that will be fixed later,” the Minister in the Prime Minister’s Department said this in response to Lim Guan Eng (DAP-Bagan) and Lim Lip Eng (DAP-Segambut) in a written answer dated Oct 19.
Both Guan Eng and Lip Eng had asked Datuk Seri Najib Tun Razak to state the source of the political funding and who benefited from it.
Lip Eng had also asked Najib to explain a report that claimed a further US$993mil (RM4.2bil) was missing from 1Malaysia Development Berhad (1MDB). The funds were meant as payment to the International Petroleum Investment Co (IPIC).
Najib had said that any political funding he received was not used for personal gain.
The Prime Minister also said he would not disclose details of the donations he received, as there was no existing law to regulate political funding.
In a related matter, the Finance Ministry said any details relating to 1MDB’s administration was “private and confidential”.
The ministry said this in response to Dr Ko Chung Sen (DAP-Kampar), who requested details of 1MDB’s annual perks and bonuses, that were paid to its chief executive officer since the company's inception in 2009.
He also requested details of annual allowances allocated for 1MDB chairman and its board of directors during the same year.
“1MDB is a company that is bound to Companies Act 1965, where all binding agreements, including the contract of employment, are private and confidential,” said the reply.
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