PUTRAJAYA: A law regulating political funding would be proposed to prevent corruption, said Tun Dr Mahathir Mohamad.
The Prime Minister said the practice of raising political funds in other countries would be looked into and seen if it can be implemented in Malaysia.
"Political funding is necessary. Political parties need money and elections cost money.
"But when you give supporters the right to provide money to political parties, they may be giving money in the hopes that when the political party wins, they would be favoured - that amounts to corruption," he said at a press conference after a special Cabinet committee meeting on anti-corruption on Monday (July 9).
A draft of the Act would soon be prepared, he added.
The Prime Minister said the practice of raising political funds in other countries would be looked into and seen if it can be implemented in Malaysia.
"Political funding is necessary. Political parties need money and elections cost money.
"But when you give supporters the right to provide money to political parties, they may be giving money in the hopes that when the political party wins, they would be favoured - that amounts to corruption," he said at a press conference after a special Cabinet committee meeting on anti-corruption on Monday (July 9).
A draft of the Act would soon be prepared, he added.
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