Thursday, December 16, 2021

FOREX

blogtunm.blogspot.com Tun M 
1. Najib keeps on talking about the 30 billion Ringgit which was lost by Bank Negara.

2. When he was Prime Minister he set up a Royal Commission to examine the role I allegedly played in covering up the loss.

3. The accusation was purely verbal. A bank officer stated that Bank Negara lost 30 billion Ringgit through currency trading. The Bank hid the loss and allegedly I also hid the loss.

4. I was not involved in the actual operation of the Bank. If indeed the money was lost, the investigation should be with regard to the operation of the Bank.

5. In fact, when the losses became public, the matter was brought to Parliament to be discussed and debated.

6. This is unlike Najib’s reaction to the 1MDB infamy when the Parliament was directed not to allow the issue to be tabled let alone discussed.

7. Furthermore, top Bank Negara officials had repeatedly affirmed that they did not report to the Prime Minister or Finance Minister/s over the forex losses and were prepared to be accountable.

8. All these facts are available in public records.

9. In the final analysis, is there any proof that I had benefitted from the losses.

10. I believe the principle of cui bono, who benefits, applies. Did any money end up in my accounts? Obviously, none.

11. However, in the 1MDB and SRC cases, millions ended up into Najib’s accounts and he happily spent the money for his personal benefit. This is the findings of the courts and he had been found guilty by both the High Court and Court of Appeal.


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