FOREX RCI | A former Bank Negara internal auditor refuted the central bank's former assistant governor Abdul Murad Khalid, who claimed there was no investigation into the foreign exchange losses incurred in the 1990s.

Wong Yew Sen, who was with the central bank since 1971 until his retirement in 2003, said checks showed there was a committee formed to monitor forex activities, which was the external reserves committee.

However, he noted that the limit allowed for forex activities for management deals was not stated.