RCI proceedings on forex losses to begin Monday

The proceedings of the Royal Commission of Inquiry (RCI) to investigate the foreign exchange losses by Bank Negara Malaysia in the 1990s will be held at Court of Appeal 6, Palace of Justice here on Aug 21 (Monday).

The notification on the matter issued by the RCI secretary also stated that the proceedings would be open to public.

The RCI was set up in accordance with the Commission of Inquiry Act 1950 [Act 119] and with the consent of the Yang di-Pertuan Agong Sultan Muhammad V.

The six-member panel of the commission is chaired by Petroliam Nasional Bhd (Petronas) chairman Tan Sri Mohd Sidek Hassan.

The others on the panel are High Court judge Datuk Wira Kamaludin Md Said; Bursa Malaysia Bhd chief executive officer Datuk Seri Tajuddin Atan; Special Task Force to Facilitate Business co-chairman Tan Sri Saw Choo Boon, Malaysian Institute of Accountants member K. Pushpanathan and Finance Ministry Strategic Investment Division director Datuk Dr Yusof Ismail, who is also the commission's secretary.

-- BERNAMA