UMNO veteran and political secretary to the first Penang Chief Minister, Tan Sri Yusoff Latiff is fond of reminiscing that when the late Tunku Abdul Rahman took over the UMNO leadership from Onn Jaafar in 1951, the party had no money, and Tunku sold his house in Penang to fund the running of UMNO.

Sixty-seven years later, we do not have an UMNO President who had to sell his house to fund the running of UMNO, but instead, there was the international spectacle of nearly 300 boxes of designer handbags and dozens of bags filled with cash and jewellery among the items taken away by police in raids at properties linked to the former Prime Minister’s family – which contained RM114 million in cash in 26 currencies and Birkin handbags each worth up to hundreds of thousands of dollars! Read the rest of this entry »