Sunday, February 24, 2013

Bank Islam lodges 2nd police report

Bank Islam lodges 2nd police report

By Sathish Govind

Bank Islam Malaysia Bhd (BIMB) said that it has filed two police reports against Azrul Azwar Ahmad Tajudin who was suspended as chief economist last week.

Azrul Azwar was suspended after allegedly breaching the bank’s internal policies. BIMB had said earlier said that it was conducting an internal investigation.Azrul Azwar predicted in a Singapore forum this month that Prime Minister Datuk Seri Mohd Najib Razak who must dissolve Parliament by April 28, for polls, could narrowly loose Malaysia’s general elections as one of the three possible scenarios, the Singapore Straits Times reported on Jan 11.

The bank had reiterated that the suspension is due to Azrul Azwar’s violation of the bank’s internal policies, the details of which have been conveyed to Azrul Azwar in a show cause letter, handed to him on Jan 17, 2013. The bank said that in the course of its investigation into these breaches, the bank discovered evidence of other violations which warranted them to make a police report on Jan 18, 2013, and upon further investigations, the bank lodged a second police report yesterday.

Meanwhile, Azrul Azwar in a statement said that the allegation contained in the police report made by BIMB does not constitute any criminal offences.

(The Malaysian Reserve,  Jan 23, 2013)