PETALING JAYA: Former Bank Negara Malaysia (BNM) assistant governor Datuk Abdul Murad Khalid should also be held accountable for the central bank's foreign exchange (forex) losses in the 1990s, says Tun Dr Mahathir Mohamad (pic). The former prime minister said as a banker, Abdul Murad had known about the losses but chose to keep quiet about it and only revealed his knowledge recently. The RCI began in August after Abdul Murad revealed in June that the central bank's losses amounted to at least US$10bil (then RM25bil). During the RCI, Abdul Murad, who had taken over as manager of BNM's Banking Department in April 1992, said that he learned of the losses only in May of that year. Related stories:Police working around the clock on RCI report, says IGPPolice record statement from Dr Mahathir over Bugis remarkDr Mahathir files suit seeking to declare RCI report as null and void

Source: The Star December 20, 2017 06:11 UTC