Most Read
Most Commented
Forex losses: Guan Eng questions RM31b figure, but Kit Siang feels vindicated

Lim Kit Siang and his son Guan Eng have offered different responses to the Royal Commission of Inquiry (RCI) into Bank Negara's foreign exchange (forex) scandal establishing that the losses incurred were a whopping RM31.5 billion.

Both recalled raising this issue in Parliament during the 1990s.

Guan Eng said he remembered debating Anwar Ibrahim, who was finance minister then, and the losses were stated as RM10.7 billion.

Therefore, the Penang chief minister questioned how the figure escalated to RM31.5 billion and how the difference of about RM21 billion was kept hidden from Bank Negara's records.

Kit Siang, on the other hand, cited his speech in Parliament in1993 and 1994 on the forex scandal and noted how “accurate” he was regarding the losses...

Please join the Malaysiakini WhatsApp Channel to get the latest news and views that matter.

Unlocking Article
Unlocking Article
View Comments