Lim Guan Eng not qualified to preach moral duty as federal cabinet forms task force to probe Mahathir’s forex scandal

 |Feb 16, 2017
Umno national youth deputy chief Senator Khairul Azwan Harun (left) has told Penang Chief Minister and DAP secretary-general Lim Guan Eng to stop pretending to be a clean man.
Umno national youth deputy chief Senator Khairul Azwan Harun (left) has told Penang Chief Minister and DAP secretary-general Lim Guan Eng to stop pretending to be a clean man.

Graft accused Lim Guan Eng should be the last man to talk about integrity and credibility of a government.

“He should not pretend to be a clean man,” said Umno national youth deputy chief Senator Khairul Azwan Harun in a statement today.

He said Guan Eng was still adamant to clutch on the reins of chief minister of Penang even though he faced corruption charges, hence lacked neither the integrity nor credibility to preach on moral duty.

“He has not walked the talk and is an example of hypocrisy to his own preaching,” said Khairul, in response to the DAP secretary-general’s criticisms of 1MDB.

The Umno leader said that even after two years, Guan Eng had still failed to understand the big difference between asset and loss, and the fact that 1MDB had RM51 billion worth of assets, not losses.

“Perhaps Guan Eng should hire Tony Pua as his tutor,” said Khairul, taking a swipe at Guan Eng’s father and DAP veteran leader Kit Siang, who claimed that Tony Pua, DAP’s Petaling Jaya Utara MP, was supposedly an economy analyst.

Khairul reminded Guan Eng, who had been raving and foaming over 1MDB, that the start-up capital from the federal government for the state sovereign wealth fund was only RM1 million.

But, he said 1MDB managed to grow and amass wealth worth RM51 billion.

“This is a fact,” he said, adding that comparatively the Bank Negara forex scandal was much larger issue.

He backed the decision by the federal cabinet to form a task force to investigate the forex scandal that took place under former Premier Mahathir Mohamad’s watch in early 1990s.

The forex speculation operations had alleged caused Bank Negara to lose as high as RM30 billion, and Khairul said even that was a low estimation.

He said what made the forex scandal more devastating was that the public was kept in the dark on the issue for too long, suggesting a possible a cover-up in 1991.

“Lim Kit Siang has been screaming about this for years. But now that Mahathir sits beside him, has he somehow forgotten all about it?” asked Khairul.

DAP veteran leader Lim Kit Siang was screaming about the Bank Negara forex scandal for years, but has now gone into a switch off mode after forging political alliance with former Premier Mahathir.
DAP veteran leader Lim Kit Siang was screaming about the Bank Negara forex scandal for years, but has now gone into a switch off mode after forging political alliance with former Premier Mahathir.

A statement released by the Prime Minister’s Office (PMO) yesterday, stated that the cabinet had agreed to form a task force to investigate the colossal losses suffered by Bank Negara due to the forex scandal.

The task force will comprise various government agencies, and distinguished and experienced individuals in various specific fields.

The statement stated that the task force was the first step to obtain all facts and evidence pertaining to the scandal.

The task force probe includes scrutinising official Hansard details on parliamentary meetings, minutes of cabinet meetings, reports by Bank Negara, the auditor-general and other related agencies on the forex operations during that time.

The task force would make recommendations and proposals in near future for the perusal of the cabinet.

The cabinet would then decide the next course of action based on the task force findings, which could include formation of a Royal Commission of Inquiry (RCI) to further probe the forex scandal.

“This shows the government was committed to ensuring transparency to ascertain if Bank Negara was governed accordingly.

“The government will always be open and transparent in the investigations as it involved Bank Negara and said to be the biggest financial scandal,” it said.

Former Bank Negara Assistant Governor Abdul Murad Khalid questioned on why no one was ever investigated let alone prosecuted over the Bank Negara forex scandal.
Former Bank Negara Assistant Governor Abdul Murad Khalid questioned on why no one was ever investigated let alone prosecuted over the Bank Negara forex scandal.

Former Bank Negara Assistant Governor Abdul Murad Khalid has reportedly claimed that Bank Negara had incurred US$10bil in forex market losses in the early 1990s, far higher than it had admitted.

Abdul Murad had also questioned why no one was investigated or charged over the losses suffered by the central bank of Malaysia.

Many observers and politicians have called on the federal government for establish a RCI, as demanded by Kit Siang for years, to get to the bottom of the Mahathir’s forex scandal, which had allegedly implicated Daim Zainuddin and Anwar Ibrahim, finance ministers of that time.