Upon reading the news report below, we double checked with a high level police officer on the seriousness of police to investigate the BNM forex loss:
BNM forex scandal: 27 people summoned so farThe answer was an affirmative: Yes, bro.
As a former currency dealer and in another career in financial market, suffered from BNM forex loss from massive and reckless position-taking, which led to the 1997 financial crisis, we were elated to hear police is getting down to the bottom of it.
It was obvious from the the RCI proceedings that all those called in collaborated to not speak up and intentionally pretend to #taktau. Also, it proves government is serious and not merely pursuing the RCI for political mileage.
From the report, police is also investigating the sales of TNB, Telekom, MISC and MAS shares done discreetly in 1993 and 1994 to absorb the loss and revive the financial status of BNM.
Of all these, MAS is of special interest.