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2017/06/29 · The former Bank Negara Malaysia (BNM) assistant governor, whose allegations that BNM squandered more than US$10 billion (RM42.8 billion) prompted renewed examination of the scandal this year, based this on the opportunity cost of losing the alleged amount.

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Anwar confirms Malaysia lost RM15 – 30 billion in forex scandal in 1990s admin-s Apr 27, 2017 (NST) - Datuk Seri Anwar Ibrahim has confirmed that the country lost between RM15 and RM30 billion in the foreign exchange scandal in the 1990s.

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“The task force found that the extent of losses is larger than what was reported to Cabinet and Parliament” PUTRAJAYA: Malaysia will form a royal commission to investigate a multi-billion-dollar foreign-exchange scandal involving the central bank, over two decades after the issue first came to light, the government said on Wednesday.

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The Central Bank of Malaysia (BNM; Malay: Bank Negara Malaysia) is the Malaysian central bank.Established on 26 January 1959 as Central Bank of Malaya (Bank Negara Tanah Melayu), its main purpose is to issue currency, act as banker and adviser to the Government of Malaysia and regulate the country's financial institutions, credit system and monetary policy.

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Former BNM assistant governor Datuk Abdul Murad Khalid says Malaysia's forex scandal possibly cost the country RM100 billion. — AFP pic. KUALA LUMPUR, June 28 — Malaysia's foreign reserves could have been RM100 billion greater had Bank Negara Malaysia (BNM) not lost heavily in the currency market over two decades ago, according to Datuk Abdul Murad Khalid.

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With so many scandals to choose from Najib chose the Bank Negara forex scandal to hit back at Mahathir and this was done for a reason. Najib has many options to choose from in how to hit back at Mahathir. Najib could have chosen any one of the dozens of scandals that Mahathir left behind. But Najib chose the Bank Negara forex scandal to whack

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Forex scandal possibly cost Malaysia RM100b, ex-official claims June 28, 2017 7:54 pm Raggie Jessy “The money would have increased to US$ 26.6 billion or more than RM100 billion, if it had been kept in government savings, at a compound interest of four per cent annually”

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SINGAPORE (Aug 22): After hearing witnesses’ testimonies on the very first day of hearing, the Royal Commission of Inquiry (RCI) has concluded that Bank Negara Malaysia (BNM) lost about RM31.5 billion in foreign exchange (forex) trading losses in the 1990s.

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2017/08/23 · Anwar was Malaysia’s finance minister from 1991 to 1998. The RCI was formed to investigate the forex losses scandal that erupted when Tun Mahathir Mohamad was prime minister. Like Anwar, Dr Mahathir is also now an opposition leader arrayed against prime minister Najib Razak.

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2017/08/24 · Mahathir attends Day 2 of RCI on forex scandal. Tun Dr Mahathir Mohamad turned up at Putrajaya’s Palace of Justice for the second day of the Royal Commission of Inquiry (RCI) on Bank Negara Malaysia’s (BNM) forex losses in the 1990s during his tenure as prime minister.

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"It's important to understand that we don't want any sort of cherry picking that takes place because scandals that affect the country should be unearthed and addressed holistically – whether (it is) the Port Klang Free Zone (PKFZ), Perwaja (Steel), forex losses or 1MDB," she added.

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