[Free] Businessman Tong Kooi Ong, who owns the Edge Group, has denied recent all…

[Free] Businessman Tong Kooi Ong, who owns the Edge Group, has denied recent allegations that he is attempting to short the Ringgit through his media empire.

"I vehemently and absolutely deny the accusations. I did not at any time short the Malaysian Ringgit."

“I do not believe it is even remotely possible to break Bank Negara or crash the Ringgit. The foreign exchange reserves of the country are in excess of USD110 billion,” said Tong.

I am not shorting the Ringgit, says Tong Kooi Ong
www.kinibiz.com
In a statement today, Tong said he had never shorted any currency or equity, being a value investor, and stated that he does not feel crashing the Ringgit is possible.
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