Anwar appears before task force on forex losses

Apr 21, 2017
Jailed ex-Opposition Leader Anwar Ibrahim leaving the Finance Minister after the Forex Task Force hearing.

Former Finance Minister Anwar Ibrahim has been called in on Thursday to testify before the special task force reviewing the foreign exchange transaction losses amounting to billions in the 1990s.

The jailed former opposition leader was taken from Sungai Buloh Prison where he is currently serving a five-year sentence for sodomy conviction and brought to the Finance Ministry in Putrajaya.

Anwar was the deputy prime minister when the losses were suffered by Bank Negara Malaysia and were finance minister when the scandal became public.

The prime minister was current Pribumi chairman Mahathir Mohamad, who is now an opposition leader working within Pakatan Harapan to topple Barisan Nasional-helmed federal government.

Anwar’s daughter and Lembah Pantai MP, Nurul Izzah Anwar reportedly said that the family was notified of this today.

However, she lamented that the family was not given the clearance to see Anwar, neither his R. Sivarasa allowed to represent him during the hearing.

Anwar previously has said that he would co-operate with the task force if required to do so and has repeatedly called on the scandal to be investigated thoroughly.

Putrajaya formed the task force in February after former Bank Negara Assistant Governor Abdul Murad Khalid claimed that the central bank racked up US$10 billion in foreign exchange losses during the early 1990s.

The scandal was among the biggest from under Mahathir’s watch.

Chief Secretary to the Government Mohd Sidek Hassan is heading the task force.

Others include senior officials from the Finance Ministry, Malaysian Anti-Corruption Commission, the police’s commercial crimes department and the Securities Commission.

The task force is expected to deliver its findings to the cabinet in June and will include a recommendation on whether a royal commission of inquiry was necessary to further probe the scandal. – Malaysia Today