Najib raps Kit Siang for silence over RCI findings on forex losses

A royal commission of inquiry found that Bank Negara Malaysia lost RM31.5 billion in foreign exchange trading between 1992 and 1994.

PETALING JAYA: Najib Razak has criticised DAP supremo Lim Kit Siang for keeping silent on the government’s decision that there would be “no further action” over the findings of a royal commission of inquiry (RCI) into Bank Negara Malaysia’s foreign exchange losses in the 1990s.

In a Facebook post, Najib said Lim had in the past spoken out about the scandal and demanded an RCI into the RM31.5 billion losses.

“He even wrote and sold a book titled ‘The Bank Negara RM30 Billion Forex Losses Scandal’,” he said.

He said although a thorough, transparent and open RCI on the forex losses was completed, the Pakatan Harapan government has decided against acting on its findings.

The RCI’s findings had, among others, recommended Dr Mahathir Mohamad and Anwar Ibrahim  be investigated over their roles in the losses.

Now, Najib said, Lim was silent on the matter.

“If Lim claims he has integrity and is still of sound mind, will he give a refund and apologise to everyone who bought and read his book?

“It is not too late for him to admit he is no longer of sound mind and that he forgot ever writing the book.”

Earlier today, Umno veteran Tengku Razaleigh Hamzah said the government has a duty to implement the RCI’s recommendations.

The inquiry had found that the central bank lost RM31.5 billion in foreign exchange trading between 1992 and 1994.

It said “excessive” and “speculative” trading amounted to a criminal breach of trust under Sections 406 and 409 of the Penal Code.

Mahathir’s lawyer, Hanif Khatri Abdulla, had accused the RCI report of being “half-baked” for failing to include documents supplied by Mahathir during its hearing.