King gets RCI report on forex losses today

  • Nation
  • Friday, 13 Oct 2017

PUTRAJAYA: The Royal Commission of Inquiry (RCI), which convened to investigate Bank Negara’s foreign exchange losses, will present its report to the Yang di-Pertuan Agong today.

Commission chairman Tan Sri Mohd Sidek Hassan would meet the King at Istana Negara between 5pm and 6pm today, said a notice by the RCI secretary.

Today is the deadline for the commission to submit its report to the King.

On July 15, the Yang di-Pertuan Agong had approved the formation of the RCI to enquire into losses incurred by Bank Negara due to foreign exchange dealings in the 1990s, based on the Commissions of Enquiry Act.

The RCI's five-man panel – headed by Mohd Sidek – convened for eight days from Aug 21 and concluded on Sept 19 after calling 25 witnesses.

Among the witnesses were former prime minister Tun Dr Mahathir Mohamad, former deputy prime minister Datuk Seri Anwar Ibrahim, former Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz, former Bank Negara adviser Tan Sri Nor Mohamed Yakcop and former finance minister Tun Daim Zainuddin. — Bernama

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