Ku Li wants forex RCI recommendations implemented

Tengku Razaleigh Hamzah has urged the government to implement the recommendations of the Royal Commission of Inquiry (RCI) into Bank Negara’s foreign currency dealings in the 1990s.

"It is a serious matter as it incurred RM30 billion in losses for the government due to forex trading which we shouldn't have become involved in the first place,” said the Umno veteran.

"Whatever is recommended by the RCI should be considered and implemented, this fair isn't it? Otherwise, why have RCI?" he told reporters at the Parliament lobby today.

The Gua Musang MP, who is popularly known as Ku Li, was asked if he agreed with the government's decision to classify the matter as “no further action”.