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10 APRIL 2024

Monday, September 24, 2012

'92 losses: Soros vilified, Bank Negara man promoted


"Why is currency speculator George Soros vilified as a rogue speculator, when the person responsible for the loss of RM5.7 billion (by Bank Negara Malaysia through foreign exchange trading) was given a promotion?" 

This was the question DAP-Bagan MP Lim Guan Eng posed to deputy finance minister Donald Lim during question time in Parliament today.

Pointing to BN-Tasik Gelugor MP Nor Mohamad Yakcop, Lim asked why the former had not been taken to task instead of being promoted now to a Minister in the Prime Minister's Department. 

"This is not 'janji ditepati' (promises fulfilled), but 'jampi ditepati' (a hex coming true)," he said. 

Donald had earlier informed the Dewan Rakyat that Bank Negara Malaysia (BNM) suffered losses of RM5.7 billion in 1992, as specified in BNM's 1993 annual report. 

[More to follow]

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