Another piece in the jigsaw puzzle called Malaysia Boleh

Posted on September 8, 2017

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many-colours-one-dream923089_576322912401152_1069880995_nSo, Nor Mohamed Yakcopuntitledhas come out at the RCI and “accepted his fair share of accountability over the foreign exchange (forex) losses incurred in the late 1980s and early 1990s”, Malaysiakini reports.

It seems he exceeded his trading limits, or something like that

What’s the amount of the loss that’s being bandied about?

RM30 billion, or some figure close to this?

Anwar wanted to sack him but he resigned.

I did not practise much criminal law, so I am no expert on this, but were not his actions criminal in nature and, if so, why were not criminal charges preferred?

Instead, after incurring these monumental losses and burdening future generations with this debt, the government of the day saw it fit to bring him back into high office.

Quoting Malaysiakini, “Despite his admission of being partly accountable to the forex losses, Nor Mohamed noted how he was given the opportunity in 1997 and 1998 during the Asian financial crisis to “contribute to the King and country. Nor Mohamed had rejoined Bank Negara as an advisor in September 1998 after the implementation of the unorthodox measures”.

A check on Wikipedia will disclose that since the forex debacle, he has held directorial and/or ministerial positions serving under Dr M, Pak Lah and Najib, appointed senator and was even offered as a candidate and voted into Parliament.

And we wonder why the nation is where it is today!!!