PUTRAJAYA: The Royal Commission of Inquiry (RCI) into Bank Negara Malaysia (BNM) foreign exchange (forex) trading losses of the 1990s has concluded today. “Ladies and gentlemen, the RCI which was convened on August 8 2017 to probe into the forex losses of the 1990s is now concluded after the testimonies of 25 witnesses,” said RCI chairman, Tan Sri Sidek Hassan. Suhaimi later told the panel that a total of three witnesses who were involved during the time of the forex losses could not be summoned up for testimony hearings before the commission. They are;(1) The RCI would determine the veracity of the allegation surrounding the forex losses incurred by BNM and its implications on the national economy. (2) It would also determine if the involvement of BNM in forex activities which resulted in losses contravened the Central Bank Ordinance 1958 or other related laws.

Source: New Strait Times September 19, 2017 04:18 UTC