Malaysia Launches Inquiry Over Forex Losses Under Mahathir — Almost Certainly Politically Motivated, Many Malaysian Say

KUALA LUMPUR, Malaysia — Malaysia’s government has launched an inquiry into massive foreign exchange losses by the central bank more than two decades ago, in a probe that could lead to criminal prosecution for former Prime Minister Mahathir Mohamad.

Opposition leaders slammed the inquiry as a political ploy to discredit Mahathir just months after he set up a new political party. He leads an opposition coalition aimed at ousting Prime Minister Najib Razak in general elections due in mid-2018.

Mahathir, 92, led the country for 22 years before stepping down in 2003.

Image may contain: 1 person

Former Prime Minister Mahathir Mohamad. Photo taken by a friend

A six-member Royal Commission of Inquiry meeting for the first time Tuesday said it will investigate how much the central bank lost in currency trading in the 1990s and determine if there was a cover-up.

Related:

Malaysian tell Peace and Freedom the real problem is the corrupt government of Prime Minister Najib Razak and the 1 MDB scandal….

Image may contain: one or more people, people standing and text

Malaysian Prime Minister Najib Razak said that state fund 1MDB has cleared over 3 billion ringgit (S$947.1 million) in debt over the past two years. He had chaired 1MDB’s advisory board until it was dissolved in May 2016.PHOTO: REUTERS

Getty Images

Victoria’s Secret Angel Miranda Kerr walks the runway in 2012.

.
.

Advertisements

Tags: , , , , , , , , , , , ,

One Response to “Malaysia Launches Inquiry Over Forex Losses Under Mahathir — Almost Certainly Politically Motivated, Many Malaysian Say”

  1. daveyone1 Says:

    Reblogged this on World Peace Forum.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: