Biggest faction of Japan's ruling party LDP allegedly pools secret funds

The biggest faction of Japan's ruling party is alleged to have pooled secret funds worth around 100 million yen ($676,000) to reimburse members who exceeded their quotas in selling fundraising party tickets, sources close to the matter said Friday.Prosecutors are investigating the Liberal Democratic Party faction, formerly led by slain Prime Minister Shinzo Abe, on the grounds that it omitted reporting the extra income as a political fund for at least the past five years, the sources said.The LDP factions have traditionally set quotas for party tickets, usually priced at 20,000 yen, for the…READ FULL ARTICLE