Published
The Royal Commission of Inquiry into Bank Negara’s forex losses released its report today revealing losses amounting to 31.5 billion ringgit in foreign exchange trading between 1992 and 1994.
At the centre of all this the RCI named the officer in charge of forex trading at the time, Nor Mohamed Yakcop as the one responsible.
However they also named then Bank Negara governor the late Jaafar Hussein, his deputy Lin See Yan, the Bank Negara Board of Directors, then finance minister Anwar Ibrahim and the then prime minister, Dr. Mahathir Mohamad as those who share some responsibility in the incident.
At the centre of all this the RCI named the officer in charge of forex trading at the time, Nor Mohamed Yakcop as the one responsible.
However they also named then Bank Negara governor the late Jaafar Hussein, his deputy Lin See Yan, the Bank Negara Board of Directors, then finance minister Anwar Ibrahim and the then prime minister, Dr. Mahathir Mohamad as those who share some responsibility in the incident.
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