FLAMBOYANT LIN SEE YAN, EX BANK NEGARA NO. 2, RETURNS TO THE LIMELIGHT: ‘I DIDN’T DISCUSS FOREX LOSSES WITH DR M, ONLY WITH ANWAR’

PUTRAJAYA — Former Bank Negara Malaysia (BNM) deputy governor Tan Sri Lin See Yan testified that he only spoke with Datuk Seri Anwar Ibrahim about the central bank’s currency trading losses from the 1990s, and not the prime minister then.

He also told the Royal Commission of Inquiry’s (RCI) hearing on the BNM losses today that he was never requested to discuss the matter with Tun Dr Mahathir Mohamad.

Lin said that Anwar, who was then Dr Mahathir’s deputy as well as finance minister, was “most unhappy” when informed about the losses allegedly incurred and had agreed that BNM should close any open positions to limit its exposure.

“I am not aware if anyone else informed the prime minister about the forex losses incurred by BNM,” he said.

MEANWHILE, according to Malaysiakini:

Former Bank Negara deputy governor Lin See Yan said he was never asked to discuss the foreign exchange losses incurred by the central bank with then prime minister Dr Mahathir Mohamad.

“At any point in time, I was not asked to discuss the forex losses incurred by Bank Negara with the prime minister,” he told the Royal Commission of Inquiry (RCI) investigating the losses today.

The former deputy governor also told the RCI that he was once called by then finance minister Anwar Ibrahim after he had spoken to the then Bank Negara governor Jaffar Hussein.

The witness testified that, at the time, Jaffar said he had already discussed the matter with the finance minister.

“I can’t remember the exact date I discussed with the minister.

“(But) Anwar was most unhappy that the losses occurred and agreed with me that whatever open positions that still exist should be closed as soon as possible,” he said.

MALAY MAIL/ MKINI

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