04-28-2023, 08:18 PM
15 MPs Ready To Resign – But Here’re Problems With Mahathir & Daim’s Plan To Splash Billions To Topple PM Anwar
![[Image: Muhyiddin-Yassin-and-Hadi-Awang-Racist-Bigots.jpg]](http://www.financetwitter.com/wp-content/uploads/2022/11/Muhyiddin-Yassin-and-Hadi-Awang-Racist-Bigots.jpg)
Unable to persuade UMNO president Ahmad Zahid Hamidi to ditch 10th Prime Minister Anwar Ibrahim, Opposition Perikatan Nasional had tried – and failed – to topple Zahid during the internal party election last month. With most of Zahid loyalists controlling the United Malays National Organization (UMNO), the Unity Government appears unshakable.
About a week ago, former PM Muhyiddin Yassin’s effort to unfreeze his party’s accounts in CIMB and Ambank was torpedoed when Bersatu (Malaysian United Indigenous Party) accounts have been seized entirely. The move to freeze the accounts on January 12 and 13 under Section 44 of anti-money laundering and anti-terrorism financing was only valid for 90 days.
However, effective April 11, the Malaysian Anti-Corruption Commission (MACC) confirmed that the frozen accounts have been seized. Following four counts of abuse of power and two counts of money laundering slapped on Muhyiddin on March 10, the Section 50 instead of Section 44 goes into effect. In short, Bersatu is screwed because it will not be able to access its money.
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About a week ago, former PM Muhyiddin Yassin’s effort to unfreeze his party’s accounts in CIMB and Ambank was torpedoed when Bersatu (Malaysian United Indigenous Party) accounts have been seized entirely. The move to freeze the accounts on January 12 and 13 under Section 44 of anti-money laundering and anti-terrorism financing was only valid for 90 days.
However, effective April 11, the Malaysian Anti-Corruption Commission (MACC) confirmed that the frozen accounts have been seized. Following four counts of abuse of power and two counts of money laundering slapped on Muhyiddin on March 10, the Section 50 instead of Section 44 goes into effect. In short, Bersatu is screwed because it will not be able to access its money.
- More -