PETALING JAYA: There is a need for stronger regulations, oversight mechanisms and specific legislation to prevent future leakages involving public funds, says social activist and Integrity Institute member Tan Sri Lee Lam Thye (pic).
In a statement, Lee said the ongoing investigation by the Malaysian Anti-Corruption Commission into the alleged misappropriation of around RM230mil involving an NGO is troubling as it concerns public funds.
“Incidents of this nature not only tarnish the image of NGOs as a whole but also significantly undermine public confidence in charitable giving.
“If such issues are not addressed decisively and transparently, they may discourage the public from contributing to genuine humanitarian efforts, ultimately affecting the most vulnerable groups in society.”
Lee proposed several measures for the government to consider in combating such abuses.
“The government should introduce stricter guidelines governing the collection, management and utilisation of public donations by NGOs, supported by robust and continuous monitoring mechanisms.
“All NGOs that raise public funds must be required to produce regularly audited financial statements and make them accessible to the public to ensure full transparency.”
He said establishing a dedicated regulatory framework and introducing specific legislation are crucial.
“Consideration should be given to establishing a dedicated regulatory body, or strengthening existing institutions, to oversee NGO activities, particularly in relation to public fundraising.
“It may also be timely to review and enact specific laws to regulate NGO operations, especially concerning the collection and use of public funds, to safeguard the interests of donors and beneficiaries alike.”
