Its chairman, Mohd Sidek Hassan, in a statement today, said this would include a recommendation on whether a royal commission of inquiry should be formed to investigate the claims in greater detail.
The cabinet on Feb 22, 2017 appointed Sidek as chairman of the special task force.
The terms of reference are to conduct a preliminary investigation into losses by BNM related to its speculative foreign currency transactions.
The task force will comprise six other members, including Malaysian Anti-Corruption Commission deputy chief commissioner Azam Baki, federal police Commercial Crime Investigation Department director Acryl Sani Abdullah Sani, and Securities Commission Malaysia chairman Ranjit Ajit Singh.
The others are Retirement Fund Inc chief executive officer Wan Kamaruzaman Wan Ahmad, Special Task Force to Facilitate Business (Pemudah) co-chairman Saw Choo Boon (who was also Shell Malaysia former managing director and Federation of Malaysian Manufacturers former president), and Jahaberdeen & Co legal partner Jahaberdeen Mohamed Yunoos.
The secretary of the special task force and head of the secretariat of the special task force is finance ministry director of strategic investment division Yusof Ismail.
Sidek said the special task force’s terms of reference included whether there was action to cover up the losses, and whether there was any act of giving misleading statements on the matter to Parliament.
He said it would also submit recommendations to the government on further action, including the establishment of a royal commission of inquiry, if necessary, based on the results of the investigation.
In order to achieve this, he said the task force would look into all aspects of the case, among others, the roles and functions of BNM and/or any other body corporate of individual(s) in the speculative foreign currency transactions, including matters pertaining to authorisation and management of the said activities.
It will also look into compliance with relevant laws, regulations and guidelines pertaining to BNM’s roles and functions in the foreign currency transactions and whether there was any attempt to cover up the real scale of BNM’s losses and the individual(s) complicit in the cover-up, he added.
As part of the investigation, Sidek said the task force encouraged anyone with information on these events to email: [email protected] or tel 03-8000 8000.