The government has agreed to set up a task force to look into the foreign exchange (forex) losses incurred by Bank Negara Malaysia in the 1990s.
The decision came following the cabinet meeting this evening.
According to Bernama, the announcement was made by the Prime Minister’s Office.
The controversial losses, which occurred almost three decades ago, was played up after Dr Mahathir Mohamad sought to unite the opposition in a bid to oust Prime Minister Najib Abdul Razak.
The former prime minister had accused Najib of corruption following reports of multi-billion ringgit deposits in his personal bank accounts.
Najib denied the money was from 1MDB and claimed it was a “donation” from a member of the Saudi Arabian royal family.
The prime minister had also denied wrongdoing or taking public funds for personal gain.