Tengku Razaleigh Hamzah has urged the government to implement the recommendations of the Royal Commission of Inquiry (RCI) into Bank Negara’s foreign currency dealings in the 1990s.
"It is a serious matter as it incurred RM30 billion in losses for the government due to forex trading which we shouldn't have become involved in the first place,” said the Umno veteran.
"Whatever is recommended by the RCI should be considered and implemented, this fair isn't it? Otherwise, why have RCI?" he told reporters at the Parliament lobby today.
The Gua Musang MP, who is popularly known as Ku Li, was asked if he agreed with the government's decision to classify the matter as “no further action”.
In a parliamentary written reply yesterday, de facto Law Minister Liew Vui Keong said this was due to a lack of documentary evidence of the alleged misconduct and the original complainant - the RCI's secretary Yusof Ismail - had also retracted the police report lodged on in 2017.
In a 528-page report tabled in Parliament on Nov 30, 2017, the RCI claimed that the finance minister at the time had misled the cabinet.
The commission also believed that the prime minister at the time had given the green light for the finance minister’s misleading statements.
The finance minister at the time was Anwar Ibrahim while the prime minister was Dr Mahathir Mohamad.
The forex RCI had come in the wake of Mahathir's incessant assault of then premier Najib Abdul Razak over the 1MDB scandal.
[More to follow] - Mkini
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