September 24, 2012
Bank Negara Forex Losses: Mahathir protected as well as promoted Rogue Currency Trader Nor Mohamed Yakcop
by Stan Lee@www.malaysia-chronicle.com
Opposition Leader Anwar Ibrahim forsaken the bombshell upon Monday revealing 
that the executive Bank Negara not usually lost RM30 billion trading in the currency markets but which it was former premier Mahathir Mohamad who had systematic him not to retaliate Nor Mohamed Yakcop, who was then in charge of the bank's treasury.
Anwar's revelation bolsters the view which Mahathir had knowledge of as well as even speedy Nor to gamble in the global markets, racking up huge waste which made Malaysia exposed to the pointy slack of the mid- 1990s.
"Dr Mahathir ordered, 'don't hold him (Nor)'. The Prime Minister during the time did not determine with receiving movement since he said, 'If you make profits, you regard him (Nor), when you make losses, you want to torture him'," Anwar told the press discussion in Parliament today.
Nor Mohamed had in truth shocked the general markets with his huge deals as well as buy-sell orders in the 1990s. In his book Malaysian Maverick, author Barry Wain (left) had additionally written which Mahathir knew of as well as speedy Nor to speculate.
Nor Mohamad has never pointed the finger during Mahathir or concerned the older man. However, the fact which Mahathir has consistently refused to retaliate Nor has influenced suspic! ion. He even promoted Nor to Special Economic Adviser as well as gave him the key purpose to play in Malaysia's controversial implementation of currency control measures during the 1997-98 Asian monetary crisis.
Anwar: No to bail out of Dr M's sons
Anwar was responding during Question Time in Parliament this morning 
when DAP MP for Bagan Lim Guan Eng had asked the supervision to state the actual waste suffered by BNM in the unfamiliar exchange market between 1990 as well as 2012.
Guan Eng additionally asked why Nor (right), who has been declared as between those to blame for the losses, had not been punished for his role. Nor is currently the Minister in the Prime Minister's Department.
Anwar had then been the Deputy Prime Minister as well as Finance Minister as well as rising fast in the venerate of the Malay electorate as well as gaining the favorable reputation with the general village for promulgating anti-corruption reforms.
His warding off to bail out associate firms including those tranquil by Mahathir's sons who fared badly during the downturn triggered his downfall. In 1999, Anwar was sacked as well as jailed upon trumped-up sodomy charges, from which he has been acquitted.
Now the Opposition Leader, he is still the main aim of attack from Mahathir as well as UMNO, who see him as the greatest threat to their domestic hegemony.
Linking Anwar to Soros
Over the weekend, Mahathir had influenced up the media storm accusing US billionai! re Georg e Soros (left) of funding multiform NGOs as well as the Opposition so as to control Malaysian governing body as well as who became the next Prime minister. Malaysia is due to hold the 13th general elections, the latest by June 2013.
"How can it be the great thing? He wants to control our politics. He wants to choose his own male to be Prime Minister," Mahathir told reporters.
While Mahathir did not discuss names, it was clear he was referring to Anwar, whom he has indicted of being the US spy as well as the victim for Jewish interests such as Soros.
In his explanation to Parliament, Anwar pronounced which his office as the Finance Minister during the time had usually authorised him to force Nor's abdication from the Bank as well as order for his dismissal from any involvement in the country's monetary affairs, either open or private.But he could not charge Nor without Mahathir's immature light.
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