YOURSAY 'His loan settlement was transparent, yet it cannot be revealed...'

'Nothing dubious about Bank Islam deal'

Spartacus: Selangor MB Abdul Khalid Ibrahim's personal loan was ‘transparently’ settled out of court. There was nothing doubtful and suspicious about it, but the details cannot be revealed to the public.

Is Khalid saying everyone must trust him, and those who do not and suspect something fishy will be bought to court?

Wanderer: Khalid, no one is suggesting your Bank Islam deal was dubious. If it was settled transparently, it means you have nothing to hide. Then what is this rubbish about banking secrecy?

You are a public figure, a CEO of the state, whatever involvement you have with finances whether it is personal or the state, you are obliged to disclose everything to the public.

Did you not enter a multi-million water deal with the central government and place it under Official Secrets Act (OSA)? Why the secrecy? You are forgetting we put you there and you have failed our trust in you.

Rick: Khalid probably means secrecy for the bank, or Banking and Financial Institutions Act (Bafia). But Khalid, you as an office bearer who's being scrutinised for some questionable transaction, is duty bound to reveal what happened.

That's being responsible. Stop treating people like idiots.

Mushiro: Khalid is hiding behind Bafia and OSA in all the allegedly dubious deals. It is a joke for Khalid to elaborate about how banks will collapse if secrecy is not protected when Khalid himself has collapsed as MB due to not revealing his deals with the banks.

Khalid should be more honest and forthcoming about his personal deals with all the accusations hurled at him.

People are smart and will not believe that a Bank Islam loan of RM69 million would be reduced to RM8 million when Bank Islam has got a 90 percent chance of success in suing Khalid in court and winning it. Go tell it to the marines, Khalid.

Ipohcrite: Yes, banking secrecy is observed by financial institutions as a matter of law and practice. However, if the customer (including Khalid who is a borrower) chooses to reveal the details of his loan and settlement, and gives proper authority and notice to the financial institution, it can be done.

Hiding behind the claim of "secrecy" is most misleading and disingenuous.

Wg321: If he is not holding the post of menteri besar, it is okay for him as a businessman to hide under Bafia, etc. When he holds the public post of menteri besar, he has the power to grant favours, unequal contracts, etc, to any bank or third party.

Thus the voters have the right to know what hanky-panky is going on. No bank will give him a free lunch of RM67 million without getting something in return for itself or for a third party. A bank is like a 'legalised Ah Long' when it comes to debt collection.

Khalid talks more like a businessman than a public servant. A public servant is accountable to the voters. As a public servant, Khalid’s integrity is at stake if he continues to hide his secret dealings with Umno-controlled Bank Islam.

If this is the type of answers he gave to the PKR’s show-cause letter, he deserved to be sacked because he will disgrace the reputation and credibility of PKR as a political party.

Damntlwbn: Indeed, you are holding public office, therefore the rakyat have every right to check on you. See how confidently Khalid talks about the courts now, as if he knows they will rule in his favour.

He sounds exactly like an Umno man, and yet we still have Pakatan people supporting him. Sigh.

Anonymous #85701391: First and foremost, you strike a settlement deal with your lender while in public office.

Because of your No 1 position in the state public office, the settlement is no longer a private matter, it is public because you have to be accountable to us, the public who put you in office.

To prove that you have not abused your public office position to resolve your loan problem, be transparent and that's your obligation to us, the public that put you in office. Stop your bull and threats by abusing the banking secrecy and confidentiality regulations.

Paul Warren: Khalid, don't talk nonsense. It is up to you to reveal your own dealings with the bank. You can say, "I am prepared to make public all my bank dealings and the manner of my settlement of everything I owe."

That bank is at the end of the day owned by the taxpayers. So come on, divulge it and stop relying on bank secrecy. Maybe your grandmother might believe what you say, but don't expect the rest of us to.

Malaccan: Banking secrecy doesn't extend to your own transaction. It is only to protect against divulging information to unauthorised persons. Perhaps what the MB meant was a non-disclosure agreement.

If so, the MB can seek the court's direction to put aside the agreement on the basis of public policy. The MB's excuse of banking secrecy is laughable and lacks merit, and lends greater weight to the suspicions surrounding the transaction.

Keturunan Malaysia: Khalid, sometimes it is better to let the truth to speak for itself rather than use threat or force.

When one's credibility is glaringly in question, you can't stop people's minds from adding 2 and 2 to make more than 4. That shouldn't be too hard for you to understand Sir, is it?

Guns 'n' Roses: Dear Tan Sri, you are a very high-ranking public officer, so it is incumbent upon you to publicly come clean with a credible explanation over a matter of such great importance.

If you keep claiming that there is no hanky panky, that everything is above board, stop hiding behind the Bafia or some obscure banking secrecy law. You need to show the people, and prove to them, that you are really clean.

Nes: It is transparent yet secret? That is like chalk and cheese, isn't it?

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