Inquiry on forex losses to begin Monday

(Bernama) – The proceedings of the Royal Commission of Inquiry (RCI) to investigate the foreign exchange losses by Bank Negara Malaysia in the 1990s will be held at Court of Appeal 6, Palace of Justice, here from Monday.

The notification on this issued by the RCI’s secretary stated that the proceedings will be open to public.

The RCI was set up in accordance with the Commission of Inquiry Act and with the consent of the Yang di-Pertuan Agong Sultan Muhammad V.

The six-member panel of the commission is chaired by  Petronas chairman Tan Sri Mohd. Sidek Hassan.

Others on the panel are High Court judge Datuk Wira Kamaludin Md. Said;  Bursa Malaysia Chief Executive Officer Datuk Seri Tajuddin Atan; Special Task Force to Facilitate Business co-chairman Tan Sri Saw Choo Boon, Malaysian Institute of Accountants member K. Pushpanathan and Finance Ministry Strategic Investment Division director Datuk Dr. Yusof Ismail, who is also the commission’s secretary.