GEORGE TOWN: A former Bank Negara insider has named four powerful elites as main players to have caused the central bank’s massive RM30-billion loss in the international foreign exchange speculation scandal some 20 years ago.In his explosive revelation, retired Bank Negara deputy manager, Dr Rosli Yaakop named former Prime Minister Dr Mahathir Mohamed, ex-finance minister Daim Zainuddin, ex-Bank Negara Governor, the late Jaffar Hussein and current Minister in Prime Minister’s Department in charge of Economic Planning Unit Government Nor Mohamed Yakcop as the “forex scandal elite club masters.”
He revealed that Jaffar and Nor wanted to beat George Soros, perhaps, to impress their bosses that they were experts in forex dealings.
The former high ranking Bank Negara officer said the forex speculation activities were against the very grain of central bank principles.
He asked on how a central bank can be heavily involved in massive forex speculations when its task was to stamp out excessive speculations?
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