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Japan's ruling Liberal Democratic Party on Tuesday compiled draft proposals on political funds reform in the wake of a recent slush money scandal, centering on forfeiting deliberately unreported income for submission to the national coffers.
The ruling Liberal Democratic Party is to advise two heavyweights of its biggest faction to leave the ruling party due to their roles in a political funds scandal that has rocked the party since late last year and plans to expel them if they do not comply, sources close to the matter say.
The Liberal Democratic Party will pursue punishment for 39 members over a political funds scandal that has rattled the ruling party since late last year, notably excluding Prime Minister Fumio Kishida and party heavyweight Toshihiro Nikai who has decided not to seek reelection as a lawmaker.
Japanese Prime Minister Fumio Kishida has been driven into a corner, as prosecutors are now poised to build a case against a former accountant of the ruling party's faction he used to lead over a political fundraising scandal.
Japanese prosecutors have indicted several individuals from three factions within the ruling Liberal Democratic Party, including one formerly led by Prime Minister Fumio Kishida, over a political fundraising scandal that has sent shockwaves through the party.