Friday 29 Mar 2024
By
main news image

PUTRAJAYA (Aug 29): Malaysia's Royal Commission of Inquiry (RCI) has been asked to retract its conclusion that Bank Negara Malaysia's alleged foreign exchange (forex) losses in the 1990s amounted to RM31.5 billion as the conclusion is deemed premature.  

Former Prime Minister Tun Dr Mahathir Mohamad's lawyer Mohamed Haniff Khatri Abdulla said here today the conclusion was premature as the RCI's hearing
on Bank Negara's alleged forex losses was still in progress. Dr Mahathir was Prime Minister of Malaysia from 1981 to 2003.

Today, Mohamed Haniff said : "Such a declaration is wrong and premature since the overall proceedings have not yet been concluded... and this cannot be announced or made public until the (final recommendation) is made to the Yang Di-Pertuan Agong
Sultan Muhammad in three months' time."

"I therefore make an application that the panel retract or denounce any conclusions made on August 21 to clear any confusion," Haniff said.

Today, he was speaking at the RCI's third hearing on Bank Negara's alleged forex losses. The hearing started on August 21 this year.

      Print
      Text Size
      Share