Bank Negara Malaysia’s (BNM) disastrous foreign exchange foray in the early 1990s will be a prime target for investigation, if Pakatan Rakyat succeeds in forming the next federal government.
In this regard, it will zoom in on the alleged role of Nor Mohamed Yakcop (left), now the Minister in the Prime Minister’s Department.
DAP secretary-general Lim Guan Eng said Nor Mohamed will be called in to account for the loss of RM5.7 billion.
The sum was derived from the 1993 BNM Annual Report, and was revealed last September in Parliament by Deputy Finance Minister Donald Lim.
“If he fails to break his silence after 20 years, and if there is a change of government in Putrajaya, Nor Mohamed will be hauled up for questioning,” Lim told a press conference yesterday.
“The Pakatan government will launch into a full-blown investigation to find out where all that money has gone.
“If he does not explain where the money has gone, people will ask if he is keeping the money. People are bound to ask how the loss happened.”
Lim, who is also Penang chief minister, said the people of Tasek Gelugor - where Nor Mohamed is the MP - are demanding the truth and that they want a parliamentary representative who is accountable and has integrity.
He was speaking yesterday after handing over a mock cheque for RM100,000 to Penang-based squash superstar Nicol David as a gesture of appreciation after she won her seventh world title.
Nor Mohamed had said on Sunday that the BN is capable of regaining most of the Pakatan-administered states, including Penang, in GE13.
According to a Bernama report, he attributed this confidence to the people's positive response towards the federal government’s transformation programmes and their realisation of the government's determination to improve the standard of living
Pakatan leaders have hounded Nor Mohamed - who joined Bank Negara in 1968, heading the foreign exchange unit - over his alleged involvement in the financial scandal but the minister has declined to comment on this.
Deputy Prime Minister Muhyiddin Yassin has defended him by dismissing calls for a probe into what he claimed to be“an old story”.
Nor Mohamed has enjoyed a string of promotions despite the allegations against him. He left BNM in 1994 but returned in 1998 after a stint in the corporate world, staying for another two years.
He was appointed finance minister II in 2004 after winning the Tasek Gelugor seat in the general election that year.
Currently, he is in charge of the Economic Planning Unit and is also a member of the National Economic Advisory Council.
The sum was derived from the 1993 BNM Annual Report, and was revealed last September in Parliament by Deputy Finance Minister Donald Lim.
“If he fails to break his silence after 20 years, and if there is a change of government in Putrajaya, Nor Mohamed will be hauled up for questioning,” Lim told a press conference yesterday.
“The Pakatan government will launch into a full-blown investigation to find out where all that money has gone.
“If he does not explain where the money has gone, people will ask if he is keeping the money. People are bound to ask how the loss happened.”
Lim, who is also Penang chief minister, said the people of Tasek Gelugor - where Nor Mohamed is the MP - are demanding the truth and that they want a parliamentary representative who is accountable and has integrity.He was speaking yesterday after handing over a mock cheque for RM100,000 to Penang-based squash superstar Nicol David as a gesture of appreciation after she won her seventh world title.
Nor Mohamed had said on Sunday that the BN is capable of regaining most of the Pakatan-administered states, including Penang, in GE13.
According to a Bernama report, he attributed this confidence to the people's positive response towards the federal government’s transformation programmes and their realisation of the government's determination to improve the standard of living
Pakatan leaders have hounded Nor Mohamed - who joined Bank Negara in 1968, heading the foreign exchange unit - over his alleged involvement in the financial scandal but the minister has declined to comment on this.
Deputy Prime Minister Muhyiddin Yassin has defended him by dismissing calls for a probe into what he claimed to be“an old story”.Nor Mohamed has enjoyed a string of promotions despite the allegations against him. He left BNM in 1994 but returned in 1998 after a stint in the corporate world, staying for another two years.
He was appointed finance minister II in 2004 after winning the Tasek Gelugor seat in the general election that year.
Currently, he is in charge of the Economic Planning Unit and is also a member of the National Economic Advisory Council.
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