IGP: Police have set up special team to probe forex losses

IGP: Police have set up special team to probe forex losses

The IGP says police have received a report on the foreign exchange dealings losses incurred by Bank Negara Malaysia in the 1990s and will investigate the case from all aspects.

fuzi-bnm
KUALA LUMPUR: The police have set up a special team to investigate the foreign exchange dealings losses incurred by Bank Negara Malaysia in the 1990s, said Inspector-General of Police Mohamad Fuzi Harun.

He said the team, headed by Bukit Aman Commercial Crime Investigation Department (CCID) director Amar Singh Ishar Singh, was established yesterday soon after the police received a report on the matter.

“We have received a report on the matter and will investigate the case from all aspects. For now, a special team has been set up to probe the case … give us time,” he said when contacted by Bernama here today.

Asked whether statements would be recorded from former prime minister Dr Mahathir Mohamad and Anwar Ibrahim, who was the finance minister then, Mohamad Fuzi said they would be called up if necessary.

“Bukit Aman has just initiated the investigation. Do not make any assumptions. They will be called up based on the outcome of our investigation,” he said.

Meanwhile, Deputy Prime Minister Ahmad Zahid Hamidi confirmed that Bukit Aman’s CCID will conduct investigations on the foreign exchange losses as recommended by the Royal Commission of Inquiry (RCI).

He said the RCI had lodged a police report on Thursday (Nov 30) calling for investigations to be carried out to unearth whether criminal breach of trust, fraud and cheating had been committed with regard to the losses.

“The RCI, which does not have enforcement powers, recommended that these investigations are necessary.

“It recommended that several personalities named in the RCI report be investigated in accordance with the relevant laws,” he told a press conference here on Friday.

Asked whether the three individuals named in the report would be summoned to give statements, Zahid just replied: “as stated by the Inspector-General of Police”.

The Royal Commission of Inquiry on the forex losses tabled a report of its recommendations in the Dewan Rakyat yesterday, after which the RCI secretary Yusof Ismail lodged a police report.

 

Stay current - Follow FMT on WhatsApp, Google news and Telegram

Subscribe to our newsletter and get news delivered to your mailbox.