Daim Zainuddin unaware of BNM's forex profit or losses


  • Nation
  • Monday, 18 Sep 2017

PUTRAJAYA: Tun Daim Zainuddin told the Royal Commission of Inquiry (RCI) that he was unaware of losses of RM772.3mil in 1988 and RM2.259bil in 1989 suffered by the central bank due to forex trading.

Apart from the losses, Daim, who was finance minister between 1984 and 1991, claimed he did not know about Bank Negara's RM2.473bil profit in 1990 from forex trading.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

Man rescued from thorny situation after car plunges into Sg Durian
Police conduct internal probe against cop who made lewd gesture
Pasir Gudang MP backs PM's cautious stance on Najib's royal addendum
Woman posing as parcel delivery worker among three nabbed for theft and burglary in Johor
Thai PM arrives in Malaysia for official two-day visit
I quit to strengthen Perikatan, not due to internal conflicts, says Samsuri
Taiping police arrest robbery suspect within four hours
Body of 8-year-old boy who drowned at Pantai Kandis found
Farmer, 52, loses RM300,000 to online investment scam
BN sets sights on regaining dominance in GE16, says Ahmad Zahid

Others Also Read