FOREX RCI |The Royal Commission of Inquiry (RCI) into Bank Negara's foreign exchange (forex) losses has recommended that an investigation is carried out to determine if former prime minister Dr Mahathir Mohamad and his deputy then, Anwar Ibrahim, had concealed facts from the cabinet.

According to the commission's report released this afternoon, the pair had likely abetted Nor Mohamed Yakcop and hid certain facts from the cabinet. Both are grave offences under the Penal Code.

Nor Mohamed was in charge of several portfolios in Bank Negara at the time, including the management of external reserves.

The RCI had recommended that Nor Mohamed is investigated for criminal breach of trust (CBT) and for contravening the Central Bank Ordinance 1958.

The commission also accused former finance minister Daim Zainuddin of abetting Nor Mohamed in committing CBT. Daim was finance minister until 1991, after which he was replaced by Anwar.

Relative to what was written in the report about Mahathir and Anwar, the RCI’s account of Daim’s involvement in the affair appears limited...