Since the public announcement and the comment by the borrower and squash buddy that it was a "class act"the saga continues!
I recently heard the extracts from the Malaysia Kini video, so here are a few questions that maybe the good DS (Dato Seri) can answer,
1. "Since it came to public domain and is of concern to CIMB stakeholders", so if it was not leaked by the american papers, it would have been silence and business as usual, I suppose so since this happened three years ago.
2. Since you alluded to the internal compliance unit, the fact is that all banks are required to look at AMLA closely, could you please provide a your answer as to whether the bank's internal compliance unit reviewed your accounts and if so did they raise this. If not would this not be a failure on the systems of compliance within the organisation, would you be reviewing the system and would the head of compliance be removed for shoddy work.
3. As the Group CEO and an experienced officer of the bank (and well aware that larger financial institutions like HSBC and Standard Chartered have been levied fines for such transactions) did you not think that what you were doing was wrong, if you say that it was a mistake etc, then I believe that makes you not a fit and proper person to be running the bank. What if someone else within your organisation had done it, I am sure you would not have hesitated to report them to the authorities and had terminated them.
Finally I noticed the article in the Edge, everyone has such nice things to say, is it a PR campaign? I am thinking out here and wondering why the need for this. Anyway you have a good week ahead.
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