Article Related To forex loss

The RCI secretary in a notice said commission chairman Tan Sri Mohd Sidek Hassan would meet the King at Istana Negara between 5pm and 6pm.

Datuk Seri Anwar Ibrahim today told the Royal Commission of Inquiry into Bank Negara Malaysia's (BNM) foreign exchange (forex) losses that the central bank's former adviser Tan Sri Nor Mohamed Yakcop.

The former Bank Negara adviser conceded that the central bank suffered foreign exchange losses in 1986 to 1993.

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 on Monday.

The PMO said the formation of the Commission was done according to the Commission of Inquiry Act 1950 (Act 119) and had taken effect from July 15, 2017.

Communications and Multimedia Minister told the opposition Pakatan Harapan not to politicise the decision to set up a Royal Commission of Inquiry.

The Cabinet's decision to form an RCI to investigate the forex losses suffered by Bank Negara, which some say are up to RM100 bln of the rakyat's money, has created a state of panic.

BNM welcomed the formation of the RCI by the government to independently investigate the forex losses.

Tun Dr Mahathir Mohamad says he is willing to be investigated in relation to losses on foreign currency transactions by Bank Negara Malaysia (BNM) in the 1990s.

The special task force probing into Bank Negara Malaysia's (BNM) forex losses in the 1990s held its first meeting at the finance ministry here today.

Axiata Group Bhd's pre-tax profit for financial year ended Dec 31, 2016 slipped by 66 per cent to RM1.14 billion.

Speaking to reporters here today, Zeti said the issue was never raised during her 16-year tenure as Governor.

The Cabinet has appointed former chief secretary to the government Tan Sri Mohd Sidek Hassan as chairman of the Special Task Force to carry out preliminary investigations into the losses involving for

The roadshow was mooted following attempts by certain parties to question the need for task force and asking why the 1Malaysia Development Berhad (1MDB) issue was not given the same treatment.

She also said that the government always adhered to the principle that a person was innocent until proven guilty.

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