No notice for Anwar to appear for RCI on forex losses

anwar-bnm-forexKUALA LUMPUR: No notice has been issued to former deputy prime minister Anwar Ibrahim to testify at the Royal Commission of Inquiry (RCI) hearing to investigate the forex losses suffered by Bank Negara Malaysia (BNM) in the 1990s.

One of Anwar’s lawyers, R Sivarasa, told reporters he did not receive any notice to ask Anwar to appear before the hearing that is set to start tomorrow at the Palace of Justice in Putrajaya.

“I just found out that the hearing is on tomorrow,” Sivarasa added.

Anwar has in the past repeatedly said he was ready to participate in the RCI hearing while attending his defamation case against former Umno Youth chief Khairy Jamaluddin at the High Court here.

He said he could offer facts about the case based on his personal knowledge as finance minister at the time of the BNM forex losses.

Anwar is currently serving a five-year jail sentence in Sungai Buloh for sodomy.

The Prime Minister’s Office issued a statement on July 18 that the Yang di-Pertuan Agong Sultan Muhammad V had consented to the formation of the RCI.

Former chief secretary to the government Sidek Hassan will be the commission’s chairman.

Other commission members include High Court judge Kamaludin Md Said, Bursa Malaysia Berhad chief executive officer Tajuddin Atan, Special Task Force on Facilitating Business co-chairman Saw Choo Boon and member of the Malaysian Institute of Accountants and the Malaysian Institute of Certified Public Accountants, as well as former partner of Ernst & Young, Pushpanathan SA Kanagarayar.

The following is the RCI’s scope of inquiry on the forex losses:

  • To determine the authenticity of the allegation on the foreign exchange losses suffered by BNM in the 1990s and its implications on the national economy;
  • To determine whether BNM’s involvement in the foreign exchange activities which caused the losses contradicted with Central Bank Ordinance 1958 or any relevant laws;
  • To determine whether there were elements of hidden facts and information relating to foreign exchange losses suffered by BNM and misleading statements given to the cabinet, Parliament and the public;
  • To recommend suitable actions to be the taken against those found to be directly and/or indirectly involved in causing the losses and hiding the facts and information on the losses, and;
  • To recommend appropriate measures to ensure the incident will not recur.