Skandal forex malaysia 1992

We can not get this type of person with integrity. Look at Mara Chairman where we heard lots of issues involving him but find ways to remain as chairman. If Umno information has low integrity what do you expect other Umno top post be. We know Mahathir was responsible. BUT why? Did he profit from it?


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There is no inkling he did. If it was adventurism, then it was the biggest of many under Mahathir, confirming what we already know. Again, the distinction has to be made. Mahathir did not steal from it. More important, fundamental governance was not destroyed to cover them up. We are not talking about peanut sums of money. RM30 billion losses do not occur overnight either. Note also that BNM and DrM lied in Parliament about the true size of the losses and covered it up with creative accounting, until Lim kit Siang exposed it.

To his credit, Jaafar took the fall. This is the problem with our top govt officers and Ministers, Najib down. They deliberately make it out that they do not understand where the buck stops and what integrity is, but want all the trappings of high office. Then comes corruption too. He should also resign or be sacked! Only in Malaysia is abject corrupt failure rewarded with elevation after elevation! Those involved or found guilty mostly got away Without punishments or with just a tap on the knuckles.

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Investigations were just public relation. It did NOT happen. Swift action and heavy punishment shall be imposed on those found guilty, directly or complicitely, of misconduct or abuse of power in performing their duties. That was his duty. Not much later. Others may have been at fault, but so was Jaffar.

The Bank Negara RM30 Billion Forex Losses Scandal

He was not lily-white and free of any wrongdoing. As for Sally Yates, the Acting AG , well, I may be wrong, if so I apologize , but she was an Obama appointee and is on the way out next week anyway and so why not go out with a Bang? Perhaps she has no lose of pension or some other benefits to worry about?

Would Tan Sri Jaffar have resigned if the forex speculation had turn out a profit instead of a loss. If it was not BNM business to speculate in forex, he should have stood firm and resigned rather than see through the forex speculation. Might well have been the case! Backing their claims with a decade worth of research at the Perdana Global Peace Foundation conference on the matter in Kuala Lumpur today, they agree that while the theories over why it happened may vary, evidence suggest the incident was orchestrated. Gage and his colleagues compared videos of the collapse of the World Trade Centre towers to controlled demolitions, and along with eye-witness testimony, concluded that there were detonators placed in the building.

She also argued that the US had no proof that the attacks were at all linked to Afghanistan when they launched the attack. Tun Dr Mahathir Mohamed. Children: 1 Marina Mahathir She is well known as a leader in many non-governmental organizations such as the Malaysian AIDS Foundation and is currently an active socio-political blogger. She also writes in her bi-weekly column called Musings in The Star newspaper since Some of her pieces in the column have been published in her books such as 50 Days: Rantings by MM, published in and Telling It Straight, published in by Editions Didier Millet.

He resigned from the board of San Miguel Corp in April Mirzan is a director of Petron Corporation — an associated company of San Miguel Corp that owns a network of refineries and petrol dealership in the Philippines. Mokhzani is also the chairman of the Sepang International Circuit. He held various posts of several business firms, which include Opcom Holdings, Kosmo Tech as well as the Malaysian Franchise Association.

He is also the executive director of Perdana Peace Global Organization.

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Some years later, Aishah expressed a wish to follow Dr Mahathir home after Dr Mahathir visited her household to treat her younger brother. This led to her official adoption by the Mahathirs. The Mahathirs had been interested in adopting orphans from either Afghanistan or Pakistan. In , Maizura, then a six-month-old girl, and Mazhar, then a nine-month-old boy, came to live with the Mahathirs.

Mahathir Mohamad…. He wanted to control who would be the MCA president and indirectly call the shots in the party. This was the second time Mahathir had openly criticised Najib just ahead of the 13th general election, but he said the current premier cannot take the blame alone. This was the second time Mahathir had openly criticised Najib just ahead of the 13th general election, but he said current premier cannot take the blame alone. It is not all impossible that Najib might name Mahathir for a parliamentary seat in Kedah on the basis that UMNO was facing the fight of its life and needs to have all reliable hands on deck.

Whispers about secret talks and negotiations have been in the air for the past year. It is getting too obvious even for UMNO diehards to deny — former premier Mahathir Mohamad wants to lead the country again! To some, it is embarrassing to see a past topmost leader displaying such raw ambition and thirst for the limelight. However, what is at stake is not only power but survival and escape from sure disgrace and even possible imprisonment for alleged abuses and wrongdoings to the country. There have been all sorts of rationalizing about why such a supposition cannot be true or is sheer speculation by political enemies.

At 87, Mahathir is certainly the grand old man of his political party but he is still physically fit and mentally alert. But the fact is, one can never pin down a man like Mahathir. His thoughts, motives and goals are murkier than a bottomless pool. Those who are sure that Mahathir is doing all he can to retake the seat of power believe that it is ambition and desire to once again be at the center of national and international attention that burns paramount in him.

All eyes are also on whether Najib will name Mahathir as a contestant in GE The older man wants his son Mukhriz to be the Kedah chief minister and this means Muhkriz will go for a state seat. Will Mukhriz surrender his existing Jerlun parliamentary seat? The letter, which Malaysiakini has a copy, indicates that it was Mahathir who first approached Soros with an olive branch in hand.

In the letter, Mahathir referred to the Jan 7, interview with Soros by New Straits Times when the philanthropist visited Jakarta for an interfaith meeting, where he said he agreed with the measures the Malaysian premier had taken to deal with the regional financial crisis of Four days later, Mahathir wrote a three-page letter to Soros urging the much-maligned currency speculator to join him in his Global Peace Forum project, which sought to criminalise war and outlaw it as an option to settle international conflict.

Great Offensive Mouth said in making another one of his foul attacks on values such as freedom of speech held dear in the west, especially in the United States. Mahathir the Mouth wrote the above in his blog on Monday.

Skandal Forex 1992 Oleh Tun Mahathir

Compton is a spook — a military intelligence officer since receiving her commission. General Compton said the military leadership of the US and Malaysia were always on the lookout for efforts to increase relationship between both armed forces. Presumably, their mothers cannot light a candle to our Malaysian women of virtue — such as mothers who throw their newborns out of the balcony, mothers who flush their newborns down the toilet, mothers who stuff their newborns in bags and abandon them in drains and on road kerbs.

FDIC Weighs Tapping Treasury as Funds Run Low - WSJ

Did these women sleep around, Dr? He continues to say the most outrageous things, once again revealing his bigotry! Such a practice would be considered a norm in an American society, he said, adding that apart from American mothers, fathers behave much the same way. Read the article! Ex-top cop: Mahathir could be probed for abetment. Rather he will most be remembered for his extraordinary long record of leadership in the country.

It is a 22 year record of political opportunism and survival secured through appealing to the baser instincts of self aggrandizement and greed and the manipulation of the major institutions of government.

One Reply to “The Bank Negara RM30 Billion Forex Losses Scandal”

Some friends have asked me as to how history will remember Dr. Mahathir measures up to them. However, comparing him to other leaders in our Asian neighbourhood may be unfair to Dr. Mahathir as it may be demanding too high a standard in leadership, given the unusual and extraordinary crop of leaders in our part of the world. Instead, I am now more inclined to compare him with leaders from other countries of the world where the comparison may be more appropriate.

One leader with whom I am sure Dr. Mahathir would not mind comparison is Kwame Nkrumah, a giant of contemporary African history who Dr Mahathir is probably hoping — when his own obituary is written — for future generations to put him in the company of. This is why history will not judge him so kindly but will place him in the company of lesser and even failed leaders such as Marcos, Suharto and Mugabe.

Taman Kaya Mob goes amok again and attacks Blogger, 14 July View what happened to weehingthong recently. He got to safety — inside his compound — just in time! Project M or Project Mykad or Project Mahathir is the codename for an extensive and prolonged government operation launched in Sabah in the 80s, whereby illegal workers and migrants were offered citizenship in exchange for voting the BN.

Sabahans have long protested the move as it not only thwarted their political wishes but also brought on widespread social and economic misery.