GFI to visit Malaysia to explain capital flight findings

Financial watchdog Global Finance Institute (GFI) has agreed to present its study on capital flight from Malaysia at a seminar organised by the Selangor government, said PKR director of strategy Rafizi Ramli.

Rafizi said the seminar would be tentatively held on Jan 17, while Selangor economic adviser Anwar Ibrahim added that he would write to Bank Negara later today to formally invite them to attend.

GFI had previouslyreported that about RM196.8 billion was siphoned out of Malaysia in 2010, placing the country second to China in global rankings in illicit capital flight.

“We want GFI to be present to explain the details and mechanism on how they  came about these figures and then we would cordially invite Bank Negara and all the relevant parties,” Anwar said at a press conference today.

He had also previously said that he wanted to invite Bank Negara governer Zeti Akhtar to explain the issue.

[More to follow]