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Thursday, February 9, 2017

Cabinet slammed for mooting RCI on forex losses but not 1MDB



DAP parliamentary leader Lim Kit Siang has criticised the cabinet for mooting a royal commission of inquiry (RCI) on Bank Negara's foreign exchange (forex) losses in the 1990s but ignoring the current 1MDB scandal.
"All cabinet ministers are guilty of colossal negligence and irresponsibility of the first degree when they could discuss the possibility of a RCI into Bank Negara's forex losses more than two decades ago but there is no mention or discussion of possible RCI into the current 1MDB kleptocratic scandal," he said in a statement today.
Lim said this in response to Youth and Sports Minister Khairy Jamaluddin who revealed that the proposed RCI on forex losses was discussed yesterday and would be raised again at the next cabinet meeting for a decision.
"Khairy has forfeited the right to represent the youths of Malaysia if he cannot voice out the views of all youths in the country that they do not want Malaysia to be known worldwide as a global kleptocracy as a result of the international multi-billion dollar 1MDB money-laundering scandal.
"Just in having such a colossal blind-spot, all ministers are not fit to be in the cabinet, for they seem more interested in exacting vendetta and personal vengeance instead of protecting the rights, interests and good name of Malaysia," said Lim.
Lim said the ministers must explain why they do not dare to call for an untrammelled investigation into 1MDB and to clear Malaysia's reputation as a global kleptocracy.

The forex losses occurred in the 90s when Dr Mahathir Mohamad was the prime minister.
Mahathir is presently on a campaign to topple Prime Minister Najib Abdul Razak, who he accused of corruption.
Najib had denied wrongdoing and said the multi-billion ringgit deposits in his personal bank account was from a member of the Saudi Arabia royal family and not 1MDB.- Mkini

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