Imbasan Kapital (M) Sdn Bhd cashier Syed Ahmad Abu Hanifa holding the US and Malaysian Ringgit note at Petaling Jaya. SAMUEL ONG/ THE STAR,20TH DECEMBER 2016..
KUALA LUMPUR : The probe into Bank Negara's foreign exchange (forex) losses in 1992 is already underway following an initial meeting with the special task force assigned with investigating the matter, confirmed its governor Datuk Muhammad Ibrahim.
“The task force will call our team from time to time. In fact, the first interaction was a week ago. I was told that they were given three months to complete the report. We will do our best to assist,” he told reporters following the release of Bank Negara Malaysia Annual Report 2016 in Kuala Lumpur on Thursday.
In a Feb 22 statement, the Prime Minister's Office (PMO) said that the special task force's terms of reference would be to conduct preliminary investigations into the forex losses, allegedly amounting to billions of ringgit.
The team would also study if there had been any cover-up or deliberate act of giving misleading statements about the foreign currency transactions at Parliament meetings. The special task force is headed by former chief secretary to the Government Tan Sri Mohd Sidek Hassan.
“Just to give some perspective: those events happened 25 years ago. All of us who are present here were not there at the time. We can only tell you what transpired at the time based on the documents. That said, we will give all the assistance required from the task force,” said Muhammad.
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