What does the subpoena mean for the forex probe?

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Tun Dr Mahathir Mohamad to Testify at Bank Negara Malaysia Forex Losses Inquiry

A subpoena has been served on former premier Tun Dr Mahathir Mohamad, compelling his testimony at the Royal Commission of Inquiry (RCI) investigating Bank Negara Malaysia's (BNM) foreign exchange losses in the 1990s. Dr Mahathir is scheduled to appear before the RCI on September 18 at 11 am, with the subpoena delivered to his counsel, Mohamed Haniff Khatri Abdulla. This development marks a significant point in the ongoing inquiry, which aims to conclude its findings by October 13.
Mahathir's Testimony Mandated by Subpoena

Tun Dr Mahathir Mohamad is now formally required to present his account to the Royal Commission of Inquiry concerning the substantial foreign exchange losses incurred by Bank Negara Malaysia during the 1990s. The legal instrument, a subpoena, was officially received by his lawyer, Mohamed Haniff Khatri Abdulla, on September 12. This directive ensures Dr Mahathir's appearance at the proceedings on September 18 at 11 am, underscoring the commission's efforts to gather comprehensive evidence.
Broader Witness Testimony Context

Prior to Dr Mahathir's compelled testimony, the RCI had already heard from numerous individuals connected to the events of the 1990s. A total of twenty-one witnesses have testified, including prominent figures such as Datuk Seri Anwar Ibrahim, former BNM governor Tan Sri Dr Zeti Akhtar Aziz, and former finance minister Tan Sri Nor Mohamed Yakcop. The only exception noted among previously scheduled witnesses was Datuk Seri Anwar Ibrahim, whose testimony was contingent on his release from prison.
Inquiry Timeline and Panel Composition

The Royal Commission of Inquiry is operating under a strict deadline, tasked with completing its investigation and submitting a comprehensive report to the Yang di-Pertuan Agong by October 13. The panel overseeing this critical inquiry is chaired by Petronas chairman Tan Sri Mohd Sidek Hassan. Its members include High Court judge Datuk Wira Kamaludin Md Said, Bursa Malaysia chief executive officer Datuk Seri Tajuddin Atan, Special Task Force on Facilitating Businesses co-chairman Tan Sri Saw Choo Boon, and Malaysian Institute of Accountants member K. Puspanathan.

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What does the subpoena mean for the forex probe?

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