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IGP: Probe into forex losses may take time

Fuzi Harun says if there are a lot of witnesses to interview, then police will take a long time.

fuzi-bnmKUALA LUMPUR: Police investigations into the foreign exchange losses incurred by Bank Negara Malaysia (BNM) in the 1990s are expected to take some time.

Inspector-General of Police Mohamad Fuzi Harun said police will have to study the report and identify witnesses who would be called in connection with the case.

“The investigation has no time frame. If there are many witnesses, we need a long time, and if there are not many witnesses, it will be completed early,” he told reporters after closing the Inspector-General of Police Tennis Championship and Silat Cup 2017 at Kuala Lumpur Police Training Centre here today.

Fuzi said the case was being investigated under Section 409 for breach of trust and the public should not make any speculation about it since investigations are continuing.

“Do not make any assumptions because it is unfair. Police will investigate it fairly and we know what needs to be done,” he added.

Last Friday, Fuzi was reported as saying police had set up a special team to investigate losses from the foreign exchange dealings incurred by BNM in the 1990s.

The team, which is headed by Bukit Aman Commercial Crime Investigation Department director Amar Singh, was set up after police received a report on the matter.

On Nov 30, the Royal Commission of Inquiry (RCI) on forex losses tabled a 400-page report of its recommendations in Parliament, after which the RCI secretary Yusof Ismail lodged a police report.

Yusof said the report would enable police to conduct a formal investigation into the offence of breach of trust, fraud and other offences which might have been committed by parties stated in the report.

IGP: Police have set up special team to probe forex losses

BNM forex losses: RCI secretary lodges police report

RCI says Dr M helped in concealing RM31.5bil forex losses


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