Press Statement By DAP Secretary-General And MP For Bagan Lim Guan Eng In Kuala Lumpur On 28.5.2014.
Bank Negara’s loud and ominous silence over the RM32 million Bank Rakyat loan scandal echoes the Prime Minister’s lack of commitment to principles of accountability and integrity necessary towards establishing a sound financial system. The United Nations Institute for Training and Research had described a “sound financial management” as the aggregate set of practices and procedures which allow for the accurate, transparent, and effective handling of all government monies and government contracts.
Clearly both Prime Minister Datuk Seri Najib Tun Razak and Bank Negara have failed miserably, if this test of a sound financial system is applied by their refusal to come clean on the RM 32 million Bank Rakyat loan scandal exposed by former UMNO Minister and ex-Bank Rakyat Chairman Tan Sri Sababaruddin Chik in “The Malaysian Insider”. Sabbaruddin continued to reiterate that the Board of Directors of Bank Rakyat had initially rejected the easy repayment option over 10 years, without any interest on a RM32 million loan, to businessman Deepak Jaikishan.