Anwar leaves it to govt to decide on RCI findings on forex losses

Anwar Ibrahim.

PETALING JAYA: PKR president Anwar Ibrahim said he is leaving it to the government to decide whether it wants to investigate the royal commission of inquiry’s recommendations into forex losses.

Speaking after a PKR political bureau meeting here today, he said a transparent investigation should be conducted into the losses suffered by Bank Negara Malaysia over its foreign currency dealings in the 1990s.

He was responding to Umno veteran Tengku Razaleigh Hamzah calling for the government to implement the recommendations made by the RCI held in November 2017.

Among others, the RCI recommended that Anwar and Dr Mahathir Mohamad be investigated over their roles in the losses.

Putrajaya previously said there would be “no further action” over the RCI findings.

Razaleigh, who once served as finance minister during Mahathir’s first term in power, had said it was a serious matter because the government incurred losses of over RM30 billion due to the forex exchange dealings between 1992 and 1994.

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

On Ahmad Zahid Hamidi’s return from garden leave after six months to resume his role as president, Anwar said this showed that Umno was not yet “steady” (mantap).

“I am not a member of Umno. It is an internal decision by Umno and this will not affect PH’s position.”

He said Zahid’s return showed that the previous party leadership under its acting president Mohamad Hasan had not garnered enough support.

“To me, this does not show Umno’s strength.”

Zahid made the announcement at a Hari Raya function in Sungai Sumun in Perak in conjunction with the first anniversary of him being elected as party president.

He reminded the people then that he was elected, not appointed, as party president a year ago.

Zahid went on garden leave on Dec 18 last year, apparently to stem the tide of Umno elected representatives leaving the party.