Why was the National Consultative Committee on Political Funding formed?

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The National Consultative Committee on Political Funding Was Established to Address Confusion Surrounding Political Donations

The National Consultative Committee on Political Funding was formed in response to reports concerning the RM2.6 billion deposited into Prime Minister Datuk Seri Najib Razak's private accounts. While the deposited funds were explained as political donations, the situation highlighted a need for a more transparent system to prevent future misunderstandings.
Formation of the Committee

The committee was established by Prime Minister Datuk Seri Najib Razak in August of the previous year. This action was a direct consequence of media reports detailing the significant sum of RM2.6 billion that had been deposited into his personal bank accounts.
Explanation of Funds and Need for Transparency

Prime Minister Najib Razak clarified that the RM2.6 billion represented political donations. However, he also acknowledged that the circumstances surrounding these deposits had led to confusion, underscoring the necessity of implementing a more transparent framework for political funding moving forward. This recognition paved the way for the committee's mandate to propose such reforms.

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Why was the National Consultative Committee on Political Funding formed?

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