Archive for category Bank Negara Scandal

Shocked that PAC Chairman, Datuk Dr. Jamaludin Jarjis, announced that PAC had accepted the ‘non-explanation’ of Bank Negara’s RM5.7 billion foreign exchange losses last year.

by Parliamentary Opposition Leader, DAP Secretary-General and MP for Tanjung, Lim Kit Siang, in Petaling Jaya on Wednesday, September 21, 1994:

Shocked that PAC Chairman, Datuk Dr. Jamaludin Jarjis, announced that PAC had accepted the ‘non-explanation’ of Bank Negara’s RM5.7 billion foreign exchange losses last year.

I am shocked that the Public Accounts Committee Chairman, Datuk Dr. Jamaludin Jarjis had announced yesterday that the PAC had accepted the explanation of Bank Negara’s RM5.7 billion foreign exchange losses last year. Read the rest of this entry »

PAC should present, the report of its investigations into the RM30 billion Bank Negara for ex losses to Parliament, when it meets on October 17.

by Parliamentary Opposition Leader, DAP Secretary-General and MP for Tanjong, Lim Kit Siang, in Petaling Jaya on Monday, 19th September 1994:

PAC should present, the report of its investigations into the RM30 billion Bank Negara for ex losses to Parliament, when it meets on October 17.

I welcome the meeting of the Public Accounts Committee (PAC) tomorrow to investigate into the RM30 billion Bank Negara forex losses. Read the rest of this entry »

Malaysians should petition or cable the Prime Minister, Dr. Mahathir Mohamed for the removal of Liong Sik as Transport Minister before lives are lost and more damage is done to Malaysia’s international reputation, investment climate and Visit Malaysia Year 1994

Speech (Part 3) by Parliamentary Opposition Leader, DAP Secretary-General and MP for Tanjung, Lim Kit Siang, at the Perak DAP 10,000-People Anniversary Dinner held at the Perak DAP 10,000-People Anniversary Dinner held at Tou Bou Kong Hall on Friday, 19th August 1994 at 8 pm

Malaysians should petition or cable the Prime Minister, Dr. Mahathir Mohamed for the removal of Liong Sik as Transport Minister before lives are lost and more damage is done to Malaysia’s international reputation, investment climate and Visit Malaysia Year 1994

Malaysians should petition or cable the Prime Minister, Datuk Seri Dr. Mahathir Mohamed for the removal of MCA President, Datuk Seri Lin Liong Sik as Transport Minister before lives are lost and more damage is done to Malaysia’s international reputation, investment climate and Visit Malaysia Year 1994 under his disaster-prone leadership at the Transport Ministry. Read the rest of this entry »

PAC should investigate into the RM30 billion Bank Negara Forex Losses Scandal and present a full report to Parliament in October of Bank Negara’s speculative forays into the foreign exchange markets and losses

Press Conference Statement by Parliamentary Opposition Leader, DAP Secretary-General and MP for Tanjung, Lim Kit Siang, when launching the book ‘The Bank Negara RM30 Billion Forex Losses Scandal’ in Penang on Thursday, August 11, 1994 at 12 noon

PAC should investigate into the RM30 billion Bank Negara Forex Losses Scandal and present a full report to Parliament in October of Bank Negara’s speculative forays into the foreign exchange markets and losses

The RM30 billion Bank Negara forex losses scandal still remains largely a mystery as the governemtn has refused up to date to allow a full public investigation as to how Bank Negara could speculate with such vast sums of public funds in the international forex markets and incur such colossal losses. Read the rest of this entry »

I had supported the appointment of Datuk Dr. Jamaludin Jarjis as PAC Chairman, but I am very disappointed that he has failed so far to examine into the colossal RM30 billion Bank Negara forex losses

Press Conference Statement by Parliamentary Opposition Leader, DAP Secretary-General and MP for Tanjung, Lim Kit Siang, when launching his new booklet ‘The Bank Negara RM30 Billion Forex Losses Scandal’ at DAP PJ Hqrs on Sunday, 31st July 1994 at 12 noon.

I had supported the appointment of Datuk Dr. Jamaludin Jarjis as PAC Chairman, but I am very disappointed that he has failed so far to examine into the colossal RM30 billion Bank Negara forex losses

I am launching my new booklet, entitled ‘The Bank Negara RM30 Billion Forex Losses Scandal’, which is published in three languages, Bahasa Malaysia, English and Chinese. Read the rest of this entry »

DAP welcomes Bank Negara Governor’s warning of ruthless action against bank frauds but why has Bank Negara taken no action against anyone on the Rakyat Merchant Bankers Bhd. scandal of 110 fictitious accounts involving fraud of RM330 million?

by Parliamentary Opposition Leader, DAP Secretary-General and MP for Tanjung, Lim Kit Siang, in Petaling Jaya on Thursday, 28th July 1994:

DAP welcomes Bank Negara Governor’s warning of ruthless action against bank frauds but why has Bank Negara taken no action against anyone on the Rakyat Merchant Bankers Bhd. scandal of 110 fictitious accounts involving fraud of RM330 million?

DAP welcomes the stern warning by the Bank Negara Governor, Ahmad Mohd Don that the Bank Negara is prepared to be ruthless to those involved in bank frauds, as banking fraud in Malaysia had risen sharply from 87 cases involving RM6.6 million in 1986 to 240 cases involving RM235 million ringgit last year. Read the rest of this entry »

DAP calls for full inquiry into the whereabouts of the Standard Chartered Bank Mocatta gold coin and the disturbing discrepancies in the various explanations about the Missing gold coin

by Parliamentary Opposition Leader, DAP Secretary-General and MP for Tanjung, Lim Kit Siang, in Petaling Jaya on Friday, July 22, 1994:

DAP calls for full inquiry into the whereabouts of the Standard Chartered Bank Mocatta gold coin and the disturbing discrepancies in the various explanations about the Missing gold coin

The Minister for Youth and Sports, Datuk Abdul Ghani Othman must be commended for his frank and forthright manner in admitting his role in the episode over the missing Standard Chartered Bank Mocatta gold coin, worth US$10,000. Read the rest of this entry »

Call on Anwar Ibrahim to issue a statement on Bank Negara’s investigations into UMBC

by Parliamentary Opposition Leader, DAP Secretary-General and MP for Tanjung, Lim Kit Siang, in Petaling Jaya on Thursday, 21st July 1994:

Call on Anwar Ibrahim to issue a statement on Bank Negara’s investigations into UMBC

Finance Minister, Datuk Seri Anwar Ibrahim, should issue a statement on Bank Negara’s investigations into UMBC in connection with questionable loans and other irregularities at the country’s fourth-largest bank Read the rest of this entry »

Call on Anwar Ibrahim to issue a statement on Bank Negara’s investigations into UMBC

by Parliamentary Opposition Leader, DAP Secretary-General and MP for Tanjung, Lim Kit Siang, in Petaling Jaya on Thursday, 31st July 1994:

Call on Anwar Ibrahim to issue a statement on Bank Negara’s investigations into UMBC

Finance Minister, Datuk Seri Anwar Ibrahim, should issue a statement on Bank Negara’s investigations into UMBC in connection with questionable loans and other irregularities at the country’s fourth-largest bank. Read the rest of this entry »

Malaysian Government must institute its own inquiry into the allegation of payment of US$10,000 in gold coins to a Malaysian Minister to direct bullion trades in Malaysia

by Parliamentary Opposition Leader, DAP Secretary-General and MP for Tanjung, Lim Kit Siang, in Petaling Jaya on Wednesday, July 20, 1994:

Malaysian Government must institute its own inquiry into the allegation of payment of US$10,000 in gold coins to a Malaysian Minister to direct bullion trades in Malaysia

Prime Minister, Datuk Seri Sr. Mahathir Mohamed, said yesterday that Standard Chartered Plc in the United Kingdom can investigate allegations of payment of US$10,000 in gold coins to a Malaysian Minister and that the Malaysian Government would await the outcome of the investigation before making any further comment. Read the rest of this entry »