The MAD trio of Mahathir-Anwar-Daim behind the RM32 billion forex disaster

Now we know that the MAD trio, the Mahathir-Anwar-Daim tag-team, were all equally gang-banging Bank Negara. What the MAD trio did to Bank Negara was nothing short of gang-rape. So all three lied and all three should be sent to jail…oops, Anwar is already in jail, but for ‘unnatural sex’ of another kind. 

THE CORRIDORS OF POWER

Raja Petra Kamarudin

The Edge never lies, say the Pakatan Harapan supporters. The Edge tells only the truth, the whole truth, and nothing but the truth, swear the Pakatan Harapan supporters. Well, in that case what The Edge reported on 24th September 2012 must be the Gospel and the word of God then.

But then Tun Daim Zainuddin and Tun Dr Mahathir Mohamad say they have absolutely no knowledge of the RM32 billion Bank Negara disaster suffered from gambling on the Forex market. Anwar Ibrahim, however, says otherwise.

“Foreign exchange trading activities undertaken by Bank Negara Malaysia (BNM) in the early 1990s, which resulted to the central bank losing at least RM5.7 billion of its reserves, was approved by then Minister of Finance Tun Daim Zainuddin, with the support by former Prime Minister Tun Dr Mahathir Mohamed,” Anwar said, as reported by the-always-tell-the-truth The Edge.

Anwar’s confession not only puts Daim and Mahathir in a tight spot, it also implicates Anwar himself.

First of all, Anwar told Parliament in 1993 there were no losses. Then, in 1994, Anwar said the losses were small and only ‘paper losses’. At the same time Anwar told the Cabinet the losses were only RM5.7 billion and ‘deferred expenditure’ and ‘unrealised losses’.

So Anwar lied about three things. First he lied about the amount of losses — he said it was only RM5.7 billion when it was actually RM32 billion. Secondly he lied about the nature of the losses by saying it was deferred expenditure and unrealised losses. Thirdly he hid the fact that Mahathir and Daim were behind the whole thing and instead put the blame squarely on the Bank Negara Governor.

Now we know that the MAD trio, the Mahathir-Anwar-Daim tag-team, were all equally gang-banging Bank Negara. What the MAD trio did to Bank Negara was nothing short of gang-rape. So all three lied and all three should be sent to jail…oops, Anwar is already in jail, but for ‘unnatural sex’ of another kind.

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Anwar: Daim and Mahathir approved BNM Forex Trading

(THE EDGE, 24 September 2012): Foreign exchange trading activities undertaken by Bank Negara Malaysia (BNM) in the early 1990s, which resulted to the central bank losing at least RM5.7 billion of its reserves, was approved by then Minister of Finance Tun Daim Zainuddin, with the support by former Prime Minister Tun Dr Mahathir Mohamed.

This was explained by opposition leader Datuk Seri Anwar Ibrahim to clear his name after Rembau MP Khairy Jamaluddin recalled from a 1993 Parliament Hansard that veteran politician Lim Kit Siang had called for Anwar’s resignation as the Minister of Finance then when the fiasco was uncovered. Lim was said to have called for Anwar’s resignation as a ministerial responsibility to the fiasco.

“During the said Parliament session, I have explained to the house that the then governor of Bank Negara Tan Sri Jaafar Hussein said that he had not received the full information regarding the forex trading activities, as it was conducted by the forex trading department under the (now) Minister in Prime Minister’s Department Tan Sri Nor Mohamed Yakcop.

“As the Minister of Finance then, I had ordered for the forex trading activities to be stopped immediately. The late Tan Sri Jaafar told me that the forex trading activities was conducted by Tan Sri Nor Mohamed Yakcop with the approvals given by both the Minister of Finance before me and the Prime Minister then. Go and ask them!” he said in Parliament on Monday.

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