Bank Negara

Bank Negara

The 480 companies are not successful and are not giving Mahathir and his family money. In fact, it is the other way around. Mahathir is giving these 480 companies money instead. Those 480 companies are being propped up as fronts to help launder money so that Mahathir and his family can spend the money and live like kings without...

(MMO) – The findings of the special taskforce on Bank Negara Malaysia’s alleged foreign exchange losses should be published so the public may understand the need for a royal inquiry, said DAP’s Lim Kit Siang. The DAP parliamentary leader said this was because key individuals linked to the scandal from nearly three decades ago were not called to testify before...

(Bernama) – A Royal Commission of Inquiry (RCI) could help reveal more details on the foreign exchange losses suffered by Bank Negara Malaysia (BNM) in the 1980s and 1990s, said Tan Sri Mohd Sidek Hassan. The chairman of the Special Task Force (STF) to probe the forex losses said that its investigation found that the figure is greater than what...

So why does Mahathir want to waste the time of the RCI by testifying and then say he does not remember what happened, he was not involved, Anwar Ibrahim knows more, go ask Daim since he was the Finance Minister back in the late 1980s when Bank Negara started gambling billions on the forex market, etc? NO HOLDS BARRED Raja Petra...

(MMO) – The Royal Commission of Inquiry (RCI) will decide on witnesses once the government determines the terms and reference for the inquiry into the foreign exchange (forex) losses suffered by Bank Negara Malaysia (BNM) some 25 years ago, a retired judge said. Haidar Mohamed Noor, who chaired the RCI into the V K Lingam video clip in 2007, said...

In 1992, P. Kanason, the Assistant Auditor General, went to England to investigate the Bank Negara Forex scandal. After gathering all the evidence, he brought the matter to the attention of Ainum Saaid. She then discussed the matter with Daim Zainuddin and after that she told Kanason to back off ‘on instructions from above’. The Attorney General, Abu Talib...

(NST) – Umno Youth today demanded that the government set up a Royal Commission of Inquiry (RCI) to investigate Bank Negara Malaysia’s (BNM) foreign exchange (forex) market losses in the early 1990s. Its deputy chief Khairul Azwan Harun said Umno Youth views the issue seriously and wants those responsible to be identified quickly. “Umno Youth views seriously the expose made by...

(MMO) – The Cabinet will look into the allegation by a former Bank Negara Malaysia (BNM) official that the central bank lost almost US$10 billion in a foreign currency trading scandal in the 90s, Prime Minister Datuk Seri Najib Razak said today. He said the government takes the accusation seriously, but will wait for explanation from the central bank first...

(NST) – Former Bank Negara Malaysia (BNM) assistant governor Datuk Abdul Murad Khalid revealed yesterday that the central bank suffered US$10 billion in foreign exchange (forex) market losses in the early 1990s (worth RM98 billion today), far higher than it had ever admitted. And what was more puzzling, according to him, was that no one was ever investigated or charged...

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