Most Read
Most Commented
Read more like this

YOURSAY ‘Indeed why is there no denial on the most important issue?’

 

'AmBank man quit for family, not over 1MDB'

Ferdtan: Ambank offered only a vague statement that its group managing director Ashok Ramamurthy wants to be with his family in Australia; so he resigned.

 

Mind you he is not any employee but the number one top executive in the Ambank Group. It further denied it was not due to its ‘high-risk’ loan to 1Malaysia Development Berhad (1MBD).

 

But the statement did not address the main issue of the allegation; that its loan was approved not in compliance with the audit performed by Bank Negara Malaysia (BNM).

 

If the accusation by PKR secretary-general Rafizi Ramli is false then it is easy for Ambank and Bank Negara to shut him up for good; thus embarrass him.

 

But no. AmBank was silent on the issue and until now Bank Negara has not responded to Malaysiakini’s query.

 

The silence from both of them is deafening. Maybe they are waiting for the now famous (infamous?) Prime Minister Office’s PR consultant to write a ‘masterpiece’ reply? Just like the one that PM Najib Razak’s massive wealth came from inheritance.

 

Mushiro: If AmBank's RM2 billion loans to 1MDB is above board with proper approvals and collaterals then AmBank should help Najib by showing their documents.

 

Just a mere denial about Ashok's resignation and not mentioning anything about the other two 'resignations' seems very suspicious.

 

It is mind boggling that huge financial institutions seek to protect their political masters. And they will look stupid as they try to cover these alleged lies in days to come.

 

What is further shocking in Rafizi's statements is the inclusion of AmBank's RM2 billion + RM5 billion to the 1MDB deep hole.

 

KL Lite: So this is the statement from AmBank. Indeed why is there no denial on the most important issue - the claim that there were "irregularities" found in a compliance audit?

 

Kit P: When a senior corporate official is asked to leave for wrongs not amounting to a criminal offence, the reasons are usually not made public, both to give the person "face" and protect the corporation's public reputation.

 

The typical explanations for their resignation include due to personal reasons, family issues, health concerns, to pursue other interests, etc.

 

Anak JB: I know Ashok personally and have known him since we were in our mid-20s. He is a honorouble man and has made his intention known for a few years now that he wanted to be with his family.

 

His wife and teenage daughters are all living in Melbourne and it is hard for a family man like him to be separated from his family. Let's not make Ashok a victim of your political crusade, Rafizi.

 

Liew Lean Kut: It is very funny so many people started to attack Rafizi when he said the resignations in AmBank were connected to its loan to 1MDB.

 

It is up to AmBank to reprimand or sue him if his allegation is not true. In the meantime, I am more inclined to believe him.

 

Remember the Cowgate affair?  Rafizi was right and somebody is currently being charged in court. 

 

Anticonmen: These Umno cybertroopers are unable to argue on the call by Rafizi to Bank Negara to reveal the compliance audit report.

 

It should be a public document as it affects the country. Remember the cooperative scandal report by Bank Negara in the 80s? BN published it in the papers for all to read.

 

Anticonmen: What were guarantees for the loans? Most likely the revalued TRX (Tun Razak Exchange) and Bandar Malaysia land and also government guarantees.

 

But all these belong to the people. So the people have the right to the compliance audit report.

 

Fogbom: How many tentacles has the 1MDB octopus got into the financial sector?

 

It looks like they had scored a big hit by getting that first US$700 million out of Malaysia (as alleged by Sarawak Report and the UK's respected Sunday Times , these dudes have gone to town sucking up billions from every bank they can, like a giant vacuum cleaner).

 

Only the falling oil price slowed down their operations plus the excellent exposes by MPs Rafizi, Tony Pua and Ong Kian Ming.

 

The head honchos are busy drinking their US$10,000 magnum bottles of cristal champagne, the world's most expensive, while the rakyat are struggling to pay the GST (Goods and Services Tax) and higher petrol prices.

 

JD Lovrenciear: The longer it is going to take the government to come clear and clean on the 1MDB, the greater the risks and the fallouts, leading to a very expensive damage-control remedial work.

 

Parliament must address it with speed if we truly care about Malaysia's reputation and the nation's 30 million citizens' well-being in these dangerous global economic times.


The above is a selection of comments posted by Malaysiakini subscribers. Only paying subscribers can post comments. Over the past one year, Malaysiakinians have posted over 100,000 comments. Join the Malaysiakini community and help set the news agenda. Subscribe now .

These comments are compiled to reflect the views of Malaysiakini subscribers on matters of public interest. Malaysiakini does not intend to represent these views as fact.

ADS