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Wednesday, June 21, 2017

CABINET APPROVES ROYAL COMMISSION OF INQUIRY ON BANK NEGARA FOREX LOSSES



(MMO) – A Royal Commission of Inquiry (RCI) will be convened to investigate the billions of foreign exchange losses allegedly incurred by Bank Negara Malaysia nearly three decades ago.
The Prime Minister’s Office issued a statement today saying the Cabinet agreed on the formation of the RCI after the special taskforce on the same matter determined there was sufficient evidence to merit further investigation.
“The formation of the RCI is also to safeguard public interest by establishing the extent to which the foreign exchange losses had affected national reserves,” the statement said.
“This is because the preliminary findings of the special taskforce found that the actual losses were greater than what was previously presented to former ministers and Parliament.”
Mahathir Mohamad, Daim Zainuddin, and Anwar Ibrahim conspired to hide the truth

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