Published
Bank Negara suffered losses amounting to RM31.5 billion in foreign exchange trading between 1992 and 1994, said the Royal Commission of Inquiry in its report, released today.
The RCI also established that Nor Mohamed Yakcop, who was part of Bank Negara’s management at the time, as the person in charge of forex dealing operations.
The commission was also of the opinion that this incident involved a criminal breach of trust under Sections 406 and 409 of the Penal Code.
The RCI also established that Nor Mohamed Yakcop, who was part of Bank Negara’s management at the time, as the person in charge of forex dealing operations.
The commission was also of the opinion that this incident involved a criminal breach of trust under Sections 406 and 409 of the Penal Code.
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