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BN White Elephant # 11: RM33 billion losses in forex speculation game

The BN forex scandal was reported in the Far East Economic Review in 90s, I subscribed the monthly magazine to bypass all censorships imposed by Mahathir. In one time, I did visit US Embassy’s library to read all dirty news about Mahathir.

Bank Negara lost RM33 billion in forex speculation game to George Soros and other crocodiles. Only a change of government will uncover the scandal and put those responsible to jail.

Number of BN White Elephant Project monitored : 11

Bank Negara forex losses with public funds : RM 33 billion

Total accumulated cost or losses : RM 87.418 billion  or RM 87418 million

‘Nor the main culprit behind forex scandal’

Athi Shankar

An ex-Bank Negara insider reveals the inside track on the currency speculation undertaken by Nor Mohamed Yakcop and other powerful people about 20 years ago.

GEORGE TOWN: A former Bank Negara insider has named four powerful elites as main players to have caused the central bank’s massive RM30-billion loss in the international foreign exchange speculation scandal some 20 years ago.

Continue reading >> BN White Elephant # 11: RM33 billion losses in forex speculation game