Set up RCI on the status of Ringgit Malaysia currency notes now.

Set up RCI on the status of Ringgit Malaysia currency notes now.

I lodged Police Report at Karamunsing Police Station, K Kinabalu on 21 Dec 2004, with reference KK/RPT/27530/04 21 Dec 2004 on Bank Negara and Currency notes of varied sizes of same denomination based on my letter published in Daily Express titled "Why are Ringgit notes of different sizes?" (Daily Express 24 November 2002)

In that letter I wrote as follows: “Has anyone actually checked those Ringgit notes we have?

Most of us would presume everything is all right. But, I just could not believe when I found that the notes were all of different sizes even though they were of the same value denomination.

I would imagine that currency notes of such official quality would adhere to standard sizes as legal tender.

But checking less than 50 pieces of notes I had, I observed that the sizes are different, up to half a centimetre (cm) in width or height.

What would be the first impressions if such notes are of various sizes with modern printing technologies of precision? There may be many reasons for such manifestations.

Would it be possible that "rejected" goods in the finished notes had come back into the circulation? Has any commercial bank noticed such anomalies?

Would the relevant authorities enlighten us?

Since 24th November 2002, there appears to be no official reply and so I would like the Police to conduct an investigation into such discrepancies which can be tens of billions worth of Ringgit in the market place in circulation.

Against a background of many reports of fake notes, but such notes appears to be legal tenders as these notes are cashed out from the banks. Why should such varied sizes by measurement are in circulation?

As it is a great financial concern, it would appear that the Bank Negara as the issuing bank of legal tender may be neglecting in its enforcement of only quality notes to be in circulation, not to give consumers raw deals hence affecting public confidence in the economy.

Has the Bank Negara investigated into such discrepancies in the sizes of respective denominations and come out with a report for such occurrences? “

In that Police Report, I supported it with an illustration of discrepancies of RM5 as per attached.

The Australian newspaper “The Age” broke the story in 2012.  It was also reported that “The Age had reported that anti-graft authorities believe Securency International and NPA allegedly sought to bribe Abdullah in 2003, with part of RM13.5 million in commissions made to two Malaysian middlemen.”

The Australian police inquiry began in May 2009 after The Age exposed the scandal.

In July, 2011, the Malaysian Anti-Corruption Commission (MACC) conducted joint investigations with the Australian Federal Police (AFP) in which six Australian executives from the two banknote companies, and two Malaysians were arrested.

Securency International prints polymer banknotes for 30 countries and was responsible for the 1998 Kuala Lumpur Commonwealth Games RM50 commemorative notes. The company itself has also been charged with three counts of conspiracy to influence foreign officials.

Eight executives from two firms either wholly or part-owned by RBA – NPA and Securency International – are facing claims they conspired to bribe officials at foreign banks to secure contracts to make plastic banknotes.

This is said to be one of the worst cases of corruption in Australian history.

Did my Police Report in 2004 initiated/inspire Police action? The Police never came back to me on such an important matter.  What happen in Australia vis-à-vis Malaysia only confirms that the smoke of fake currency has been burning in Malaysia.  The case in Australia further confirms that Ringgit Malaysia is fake due to the dubious quality for decades.  With the allegation of corruption and frauds concerned, who had actually printed the Ringgit Malaysia notes?  The questioned quality of the currency notes gives away the “secret” of the printers as not at all professional and could be done by some legal or illegal subcontractors on the cheap?  Can we blame Bank Negara possibly deep in the deplorable deals for accepting very poor quality notes which are indeed fake.

What inspires me to check the Ringgit Malaysia notes is that in the social media recently, there were fresh allegation of fake RM50 notes of a different perspective.  So when I got 4 pieces of RM50 notes from bank’s ATM, I decided to check them.  What I discovered was a shock and shared in Facebook and social media to confirm that RM50 notes are fake as we do not know which one is genuine as per attached illustrations of all the visible discrepancies in all 4 pieces of RM50.

Someone I met just now asked me to lodge Police Report but I told him already done in 2004.  Now lets the public court decide how our longstanding BN Government not doing genuine justice in the context of many trillions of valueless paper money in Ringgit Malaysia very poorly printed.  So anyone could generate such notes in bundles and use them freely as seen in the social media of some foreign tourists.

What is the issue now? Many especially those in authorities pretend to be serious whenever fake issues arise such as fake identity cards, fake project IC holders, fake licences, fake birth certificates, fake Police Reports and many fakes including press items and the list can go on.

Bank Negara lost allegedly RM30billions and more in foreign currencies/Ringgit Malaysia deal and this debacle was subject of a Royal Commission of Inquiry just concluded recently after more than two decades.  Why not a pressing Royal Commission of Inquiry albeit belatedly be formed to scrutinise the fake currency notes worth many trillions of Ringgit Malaysia?

No cover up now as we do not really know which is the edition of genuine Ringgit Malaysia  currency notes now in circulation.

Please put this very critical issue to rest for all the people/taxpayers and consumers with an RCI.

Joshua Y C Kong, 11/11/2017