Parti Pribumi Bersatu Malaysia (Bersatu) Youth chief Syed Saddiq Abdul Rahman said he was not completely opposed to Umno Youth’s proposal for a royal commission of inquiry (RCI) to investigate Bank Negara’s multi-billion ringgit foreign exchange (forex) losses in 1991.
However, he said the probe should be conducted thoroughly, encompassing then-prime minister Dr Mahathir Mohamad’s entire cabinet at that time.
This included then-defence minister Najib Abdul Razak and foreign minister Abdullah Ahmad Badawi, who both went on to become prime ministers.
“Don’t forget that Mahathir’s era is also Umno’s era.
“If Mahathir was guilty (for the forex losses), it means the whole of Umno who defended him were also guilty.
“If Mahathir is to be punished, all Umno members who defended him should also be punished in kind,” he said in a statement on Facebook yesterday.
Syed Saddiq questioned why the Umno leaders were now raising three-decade old issues but turning a blind eye to current affairs such as the 1MDB scandal.
“The RCI should investigate all those who have been accused or are plagued by questions of financial misappropriation, including Najib and 1MDB.
“Do not use the law to only punish those who are not aligned with you while turning a blind eye when the integrity of your own cronies come under question,” he said.
Syed Saddiq was responding to Umno Youth vice-chief Khairul Azwan Harun who yesterday lodged a police report over the 1991 forex losses and urged an RCI probe.
Khairul Azwan claimed that the central bank had lost US$180 billion from forex trading exposures and forex trading losses, and had gone bankrupt.