If Pakatan Rakyat forms the federal government in the next general election, there should be a Royal Commission of Inquiry into the RM30 billion Bank Negara forex losses scandal in 1992, as well as into fxunited bank negara forex the other financial scandals during Mahathir’s 22-year premiership. Hukum forex fxunited malaysia lost RM100 billion just in four financial scandals during Mahathir’s premiership. But this is what Mahathir does not want and most afraid of. I am not suggesting that Mahathir should face jail sentences for the financial scandals in his 22-year premiership, but at minimum, Malaysians are entitled to know the truth about these financial scandals, which would serve as painful national lessons to prevent their recurrence.
I call on Anwar Ibrahim to publicly state whether he agrees with Rahim Tamby Cik, that as Finance Minister, he should not be held responsible for the Bank Negara forex losses. I am not very sure that I can agree with this position as after the public uproar over the 1992 Bank Negara forex losses, which ranged from RM10. 7 billion contingent liability for 1993 has not only been confirmed, but that even bigger forex losses had been suffered in 1993, amounting to RM5. Furthermore, there is in another contingent liability of RM 1. 4 billion for next year- which means Bank Negara can suffer another RM1.
4 billion forex losses apart from the forex losses in 1992 and 1993. Following a warning issued by New Zealand’s Financial Markets Authority earlier this month, now the Central Bank of Malaysia has also issued a warning against FX United. By all appearances FX United Power is a local Malaysian group of FX United investors. FX United Power is available on the FX United Power website. The public is advised not to make any deposit or investment with individuals and entities that are not regulated under the relevant laws and should conduct the necessary checks with the relevant authorities if there are doubts regarding any schemes offered. Consumer protection under the laws administered by BNM IS NOT APPLICABLE should the members of the public choose to deal with the illegal financial service providers.