28/06/ · Modified 28 Jun , am. Bank Negara Malaysia's (BNM) US$10 billion foreign exchange losses incurred in the s have had a huge impact on its foreign reserves today, claimed a 28/01/ · Kit Siang also published a book on the BNM Forex losses scandal Yes. The year was when Lim Kit Siang found it ultra-important to publish a book on the Bank Negara Malaysia (BNM) foreign exchange scandal that caused the loss of RM30 billion (estimated to be at RM49 billion in today’s terms).Estimated Reading Time: 6 mins A plausible reason for this late forex investigation is the impending 14 th General Election (GE14). Mahathir’s lawyer, Haniff Khatri Abdulla had pointed out market talk over BNM’s possible forex losses had surfaced since BNM’s and annual reports showed a reduction in reserves and disclosed forex losses. The authorities
Response to media reports on forex losses - Bank Negara Malaysia
On one hand they want the transparency that none of us got when Mahathir was the Prime Minister; on the other they are fuming because Mahathir, Nor Mohamed Yackop and Anwar have been implicated in the findings of the Royal Commission of Inquiry RCI for the Bank Negara Malaysia BNM foreign exchange scandal of the s.
The loss of RM Three people have been found principally liable for the criminal breach of trust and bnm forex loss be probed further over their involvement and liability, bnm forex loss. They are the former Prime Minister Mahathir Mohamad, his then-Finance Minister Anwar Ibrahim, and ex-BNM advisor Nor Mohamed Yackop, bnm forex loss.
It is also of the opinion that the then Prime Minister Mahathir had condoned the actions of the Finance Minister.
The RM The RCI noted that Anwar Ibrahim, the then Finance Minister, had been informed about the actual forex losses suffered by BNM, bnm forex loss.
It also said that Mahathir was informed by Anwar together with then Treasury deputy secretary-general Tan Sri Clifford Francis Herbert in late that BNM had suffered estimated losses of RM30 billion on the forex dealings for and Anwar had chaired the March 30 meeting as the deputy prime minister. The losses for were reported as RM 5. The RCI also noted that the prime minister, who chaired the meeting on April 6, did not correct or offer more information when the forex losses for were recorded as only RM5, bnm forex loss.
Of course supporters of Mahathir got their knickers in a knot over the RCI findings, mostly harp on the duration it took to have a RCI formed, whether it was formed to time itself with the looming general elections so that the Pakatan Harapan would be epitome of broken hopes? Lim Kit Siang may have harped on the matter, trying to get an RCI formed sinceif not earlier. Mahathir was the Bnm forex loss Minister then until the end of In the end, Mahathir got Pak Lah ousted for not playing his game his way.
The GDP growth rate for Malaysia in was And ever since then Najib had been fighting on all fronts to make sure that Malaysia goes through a sustainable growth, bnm forex loss, and that there would be enough government money to still help the people, especially those from the B40 income group. Hence, we see various initiatives like the 1Malaysia Clinic, Kedai Rakyat 1Malaysia which is now being revampedBR1M, PR1MA and various bnm forex loss 1Malaysia initiatives.
And while all that was happening, Lim Kit Siang was still going around asking for an RCI to be formed for the BNM forex scandal. In the run up to the 13th General Elections, Lim Kit Siang wrote this on the BNM forex scandal:. But Bank Negara claimed RM Rosli Yaakop estimated last year at a public forum that Bank Negara lost between USD27 to USD33 billion, which was five times more than its foreign reserves and its entire assets of USD You can read more on what Dr Rosli Yaakop had said on the BNM forex scandal HERE.
He said:. He said all that HERE. And we should not forget that Lim Kit Siang also wrote a book on the BNM forex scandal. And finally, and only when the economic outlook had improved, did Najib Razak announced that an RCI would be formed to investigate the BNM forex scandal.
In JuneBnm forex loss Kit Siang even wanted the report recommending the RCI to bnm forex loss made public. And one other Pakatan leader who had been lying very low beneath the BNM forex scandal radar is Anwar Ibrahim.
Was he afraid that he might get implicated? And what about the 1MDB scandal? Police reports were also made against 1MDB, bnm forex loss. But not a single sen had gone missing! For the BNM forex scandal, this is the first time that it has been investigated — by the RCI, and bnm forex loss by the Royal Malaysian Police.
And the first police report was made by a member of the RCI itself after the RCI findings report was published — 25 years after the whole thing happened. So, we should all say our thank you to Lim Kit Siang for exposing this crime against ALL Malaysians.
Thank you, Lim Kit Siang — for persistently asking for your good friends to be investigated. You must be logged in to post a comment. Let us ask the very man whose perseverance has finally paid off: This ought to be the reaction to the RCI findings if we are to ask Lim Kit Siang Yes.
Why Did It Take So Long? You and Bnm forex loss know the answer to that now. Share this: Print Email Facebook Twitter. Like this: Like Loading Previous Post Previous BNM Forex: Congratulations, Lim Kit Siang. Next Post Next What 1MDB Suit? Loading Comments Send to Email Address Your Name Your Email Address.
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Anwar turns up at BNM forex losses RCI
, time: 0:22Report: BNM's foreign reserves 'hugely impacted' by forex losses
Bnm Forex Loss, beli bitcoin dengan luno, a salini impregilo e astaldi un contratto in canada, como me convierto en hombre rico 28/01/ · Kit Siang also published a book on the BNM Forex losses scandal Yes. The year was when Lim Kit Siang found it ultra-important to publish a book on the Bank Negara Malaysia (BNM) foreign exchange scandal that caused the loss of RM30 billion (estimated to be at RM49 billion in today’s terms).Estimated Reading Time: 6 mins 28/06/ · Modified 28 Jun , am. Bank Negara Malaysia's (BNM) US$10 billion foreign exchange losses incurred in the s have had a huge impact on its foreign reserves today, claimed a
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