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Typical Malaysian "leader". When the shit hits the fan, the boss is never wrong. It's always the "ma chai" or someone else.

As far as I am concerned, the person where the buck stops, has to take the blame. In this case, Anwar was the Finance Minister. The buck stops with him. Ignorance is no excuse. (By the way, ignorance and innocence are 2 very differing concepts). Anwar may be ignorant, but definitely not innocent.

I recommend Harakiri with a capital "H".

Don't even get me started with how he messed up the education system during his ill-fated tenure with the Edu Portfolio.

I would be stronger with my words about Anwar's denial of responsibility over the big boo-boos that happened while he was finance miister.

When he was asked about Bank Negara’s foreign exchange losses in 1992-1994 "where we lost, some say, up to RM30 billion", he replied that:

"As to the forex losses, I had to table it to Parliament. Not convincing, of course, because there was a limit to what I could do... given the circumstances then. I then had to advise (former Bank Negara governor, the late) Tan Sri Jaafar (Hussein) and (Bank Negara assistant governor) Nor Mohamed Yakcop (now second finance minister) to resign."

A limit to what he could do given the circumstances? Perhaps the limit should be understood in the context of the patronage politics system in Malaysia? As in toe the line or lose the gravy from the gravy train? Or something else which limited what he could do?

If he could advise the Bank Negara overnor and asst governor to resign, if there was 'a limit' to what he could (and should have) done, then as a matter of principle, he himself should have tendered his resignation to back up his implication that he was prevented from doing what he felt needed to be done. Why did he stay on?

If I have not recalled wrongly, as finance minister, he opened his mouth and dismissed some mega-ringgit loss that the nation had suffered as mere 'paper loss'. Did he think he fooled anyone then? Would he care to justify that 'paper loss' excuse now?

If he says now that he was glad he joined the govt because amongst other things he learnt their dirty tricks and cannot be fooled now, is he man enough to come clean about the dirty tricks he himself initiated, approved or was part of?

He paints himself as a good guy, victimised by Dr M and Co. No doubt, there was a lot of wrong done to him at the end of his paternership with Dr M, but is Anwar himself all that clean, all that good?

I was not convinced by Anwar when he was in the govt, and I remain unconvinced about him today. Unless he changes his ways, it is likely I will not change my opinion of him.

Any mentioning of the "super" forex trader who was working hand-in-glove at a foreign bank across the causeway then? And check what the same "super" trader is doing now.

At the time of Prophet Muhammad, Brother Anwar Ibrahim would have been branded super munafiq and executed, as he should rightly be.

I think reader like Leithaisor should subscribe Malaysiakini to read the full context before commenting. Did you ever notice TM are avoiding the forex losses claims like plague.

Bare in mind although Anwar is not saint, he should not take the blame. As we all know too well TM are the worst speculator for the pass 22 years. The forex losses is plain stupidity and 1st encounter between TM and George Soro gang.

It is funny that TM never learn the lesson and bring bigger shit home and trigger 1997 currency crisis. At the end, all good words pour like rains and make TM the saviour.

Isn't it funny when an arson put your house in fire and claim himself hero because he help put off the fire after half of your house gone.

JEFF OOI says: I deduced you have meant TM to be Tun Mahathir and NOT Tengku Mahaleel?

moo_t - I have already read the Malaysiakini articles. Noticed that I quoted a paragrapgh from it?

Dr M and Daim were accused by Anwar to be the culprits (together with Nor Mohamad). I do not dispute that the accusation likely has a lot of merit.

My contention is Anwar himself cannot shrug off his reponsibility both as DPM and more importantly, as the finance minister.

He cannot simply say 'there were limits' or 'I would have been sacked in 1993' (if he had taken action).

He owed the Malaysian public the duty to carry out his responsibilities fully and conscientiously.

If Dr M and Co imposed limits on him which prevented him from doing what he should have done, then the honorable thing to do is tender his resignation.

And maybe even go on full scale spill the beans airing of the dirty laundry which he is doing now.

Why wait till Dr M kicked him out, jailed him, and now so many years later, only try to claim to be the good guy whose hands were tied?

Does the fact that Dr M is no longer the PM, with all the powers of the ISA and the various enforcement / investigative organistaions at his disposal, have any bearing?

I say again - I was not convinced by him when he was DPM, I am not convinced by him now, and unless he changes, I do not think he will ever convince me.

I find Anwar's allegations strange as I recall that following criticism from the global finance community that Bank Negara as a central bank should not be an active trader in the Forex market, Daim chose to terminate the Forex trading activities just prior to his stepping down from the MOF job. (I actually suspected that part of the reason he resigned was because of his credibility being affected by this Bank Negara activity).

So, if Daim had terminated the activity, why did Anwar start it again? And how is it possible for Bank Negara to have amassed such huge losses under Anwar's watch when it made major gains during Daim's watch? Shouldn't that have been a signal that Anwar was too incompetent to stay on as MOF?

Dr M did make a mistake. Dr M should have sacked Anwar from the MOF right after the Forex disaster rather than allow Anwar to scapegoat the Bank Negara bosses. Anwar of course proceeded to make Malaysia's finance position increasingly vulnerable for the remainder of his tenure as MOF prior to the Asian Crisis!

Maybe Anwar's forgotten that he was in charge of fiscal policy in the run-up to the Asian Crisis as MOF. Shouldn't he then take the blame for our late 90's economic crisis as well?

I remembered British MOF Norman Lamont having to resign when the GBP dropped our of the ERM in the early 90's, shouldn't Anwar have resigned when our RM value halved in the late 90's?

It is a wonderful thing to do - dig up old dirt. If Anwar wants to play 'Mr.Clean' inorder to draw support, it is truly a pathetic attempt at resurrection. Pointing fingers at others may get his own fingers burnt in the process. Why does Anwar not consort with the Lee Monarchs of S'pore - the dirtbags who are on a relentless mission of sabotaging our Govt.?
Go get a life Anwar!

Looking how TM threat his DPM to announce TONS of project/loan "write off" during his administatrion, I doubt any DPM under TM are powerful enough to go solo.

Bank Bumiputra USD 1 billions losses in 1983 ,right during TM administrations, happens before Anwar time.

It is funny that many try to avoid the super duper TDZ, some even portrait him as little white lamb.. gosh.

Umm..forex losses from 1992 to 1994.

What year did Anwar become Finance Minister? Halamak lupalaaa.

Pak Sheikh lupa kot? Sudah tua kot??

Oh yes! Pak Sheikh became finance minister from 1991 to 1998!

Check here: http://www.treasury.gov.my/index.php?ch=27&pg=79&ac=293

Just became finance minister? Baru belajar in 1994?

Give me a BEEEG BREAK!!!

Funny how only days before someone closer to Daim than Anwar, but within the loop, non-chalantly spoke of how Top Cat did the forex deals and hid it from his then boss Jafaar Hussein. Apparently Zeti was ticked off in London as she was then heading the London office of Bank Negara. Anyway, to a large extent it would seem from my conversations Anwar's version seems to tally.

What ever, it is necessary for little disclosures of this kind so that hopefully we may eventually force the real truth out..if ever there is such a thing as truth here.

A MP in NZ First party spent $89 of tax payer money on a pair of UNDERWEAR and was totally CREAMED by the press and public for MONTHS!

On the other hand if he was a Malaysian and SCREWED 30 BILLION Ringgit of tax payer's fund... its alright! There lies the difference, go figure!

According to uncle kit 6th commenter source
http://blog.limkitsiang.com/?p=596
JH, appointed by TDZ, is still in place when Anwar step into the picture. In 1992 alone, BNM has losses 12billions. Apparently, due to previous "winning", JH are putting the public money in the money market.

moo-t:

you are on the dot ~~"Looking how TM threat his DPM to announce TONS of project/loan "write off" during his administatrion, I doubt any DPM under TM are powerful enough to go solo.

Bank Bumiputra USD 1 billions losses in 1983 ,right during TM administrations, happens before Anwar time..."
To the list, I add: RM10billion for Perwaja Steel; several RMbillion Bakun Dam; Bank Bumi (2 more billion-dollar bailouts
after 1983's..."

So What else is new -- PASSING THE BUCK. At least Anwar Ibrahim had paid a price for going againts his Boss (a black eye,6 years of freedom sacrificed, but worst of all, to be HUMILIATED on trumped up charges of SODOMY -- a man'd humaanity and dignity run to the ground cannot be translated into monetray terms -- and here the VICTIM had expressed "regrets I have a few" and prepared to lend his "lessons learnt" and Malaysians are just throwing "potshots without evidence" at the ex-DPM; at least he was responsible in giving rise to Reformasi movement: ISN'T THIS WHAT IS REQUIRED, a VIABLE OPTION via Anwar? -- REFORMS TO REPLACE THE PRESENT GOVERNMENT which you guys who voted the dacing to keep it in power for 49 years?