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Tuesday, September 19, 2017

Forex RCI rejects call to lodge police report against Jasa



FOREX RCI | The Royal Commission of Inquiry (RCI) tasked to investigate billions of ringgit in losses incurred by Bank Negara Malaysia in its foreign exchange trading will not be lodging a police report against the government's propaganda arm Special Affairs Department (Jasa).

Earlier, on the eighth day of the RCI proceedings today, Dr Mahathir Mohamad's counsel, Mohamed Haniff Khatri Abdulla, cited Section 12(2) of the Commissions of Enquiry Act in urging the RCI to lodge a report against Jasa for its statement.


Haniff cited a Sept 8 Malaysiakini report quoting Jasa director-general Mohd Puad Zarkashi who, among other allegations, accused former Bank Negara adviser Nor Mohamed Yakcop of trying to protect Mahathir over the forex scandal.
"The RCI, through the secretary, is urged to lodge a report over Jasa's statement, to show that not only is it a slander and an insult, it is a challenge to the institution's dignity."
Section 12(2) states that any person who threatens, insults or injures any person for having given evidence, or on account of the evidence which he has given before the commissioners, shall be guilty of an offence and shall be liable to imprisonment for a term not exceeding two years.
Haniff also requested that former Bank Negara assistant governor Abdul Murad Khalid be recalled by the commission and that the RCI retracts its "conclusion" that was made on the first day of proceedings.
After deliberating the matter for 20 minutes, RCI chairperson Mohd Sidek Hassan said lodging a report against Jasa was not of relevance to the RCI.
"Maybe there will be many things written outside, especially in this cyber era.
"I never heard before this, the issue (Jasa's statement) raised by the counsel. I didn't know, the other panel members didn't know. These are not of relevance to us," Sidek said.
Puad had questioned if Nor Mohamed was trying to show gratitude to Mahathir for bringing him back by appointing him as a finance adviser with Bank Negara during the Asian financial crisis of 1997.
Sidek also said that the RCI has no plan to recall Murad.
"We are of the opinion that statements that need to be taken for the RCI to make a conclusion have been made," he said.


Earlier this year, Murad (photo) revealed that the forex losses amounted to US$10 billion.
Sidek also said that the issue of withdrawing the "conclusion" the commission had supposedly made "does not arise".
"The issue of withdrawal does not arise. The RCI will make its conclusion when it concludes its report," he said.
Sidek, on the first day of the RCI proceedings, "concluded" that the forex losses had amounted to at least RM31.5 billion between 1991 and 1994.

Haniff had objected to this and urged Sidek to withdraw the conclusion.
Speaking to reporters later, Haniff said he still believes that a police report should have been lodged against Jasa.
On Murad, Haniff said the former Bank Negara assistant governor was not asked relevant questions during the inquiry.
"And for Sidek to say there is nothing to retract is quite wrong. When he said 'conclusion', it was as though he was concluding (the matter)," Haniff said.- Mkini

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