PETALING JAYA: The Cabinet is setting up a team to start an examination concerning remote trade misfortunes by Bank Negara in the 1990s.
Other than discovering the cause and genuine quantum of misfortunes, it will figure out whether there was any wrongdoing in the money related regulatory techniques.
"It will likewise find out if certain gatherings attempted to conceal what truly happened," the Prime Minister's Office said in an announcement yesterday.
The taskforce will contain different government organizations, including recognized and experienced people from different fields.
"This is the initial step to assemble all the related truths – break down the Parliament's Hansard reports, the minutes of the Cabinet gatherings, Auditor-General's reports, Bank Negara Malaysia and different reports from related organizations," it said.
It said the taskforce would then forward its proposition and proposals to the Cabinet for further activity.
The Cabinet, it stated, would investigate setting up a Royal Commission of Inquiry if the discoveries justified it.
"This goes to demonstrate the Government's dedication in guaranteeing straightforwardness to learn if Bank Negara was administered in like manner.
"The Government will dependably be open and straightforward in the examinations as it included Bank Negara and said to be the greatest budgetary embarrassment," it said.
Previous Bank Negara colleague senator Datuk Abdul Murad Khalid was accounted for to have guaranteed that the national bank endured US$10bil in forex advertise misfortunes in the mid 1990s, far higher than it had conceded.
Abdul Murad had likewise addressed why nobody was researched or charged over the misfortunes.
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