Cabinet seeks BNM's views on alleged foreign exchange loss: Najib

KUALA LUMPUR: The Cabinet will seek the opinion of Bank Negara Malaysia (BNM) on the alleged foreign exchange losses of US$10 billion in the early 1990's before taking any further action.
Prime Minister Datuk Seri Najib Abdul Razak said the government took a serious view on the matter.
"However, other members of the administration and I need to get the opinion and comments of BNM and other parties. Later, the Cabinet will make a decision on the matter," he said.
Najib, who is also UMNO President, said this to reporters after chairing the UMNO Supreme Council meeting, here today.
Former BNM Assistant Governor Datuk Abdul Murad Khalid was reported to have said that the central bank suffered foreign exchange losses of US$10 billion in the early 1990's.
BNM said in a statement replying to the allegation that the institution had achieved progress that was stronger, more transparent and responsible since the foreign exchange losses occurred almost 25 years ago. — Bernama