YOURSAY | Umno’s multi-million slush fund is an open secret

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YOURSAY | ‘Where the money came from is perhaps a better question.’What we know about Umno's 'secret' account and why it's importantBlueShark1548: During Dr Mahathir Mohamad’s time in 1988, Umno was deregistered and monies were allegedly held by three trustees. After Umno Baru was registered, what happened to the monies?When Mahathir stepped down, he apparently handed about RM200 million cash to Abdullah Ahmad Badawi together with other Umno assets. So, did Badawi keep the cash under trustees or in secret accounts?In early 2020, the account had RM193 million in cash and most of it was transferred to Kelab Prihatin Graduan, whose chairperson was listed as an Umno financial director.My questions:1. How could millions be transferred from one party to another without Bank Negara taking any action or investigation? On the face of it, it looks like money laundering.2…