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Malaysia Bank Islam Files Police Reports Against Chief Economist

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Malaysia Bank Islam Files Police Reports Against Chief Economist

Gyani Jarnail Singh

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Bank Islam files police reports, says chief economist leaked private papers

Md Izwan

http://www.themalaysianinsider.com/malaysia/article/bank-islam-files-second-police-report-against-chief-economist/

KUALA LUMPUR, Jan 22 – Bank Islam Malaysia has filed two police reports against Azrul Azwar Ahmad Tajudin, accusing its suspended chief economist of possessing and leaking confidential documents to a third party.

“The suspension is due to Azrul’s violation of the Bank’s internal policies, the details of which have been conveyed to Azrul in the show cause letter, handed to him on 17 January 2013,” the bank said in a brief three-paragraph media statement today.

“In the course of our investigation into these breaches, the Bank discovered evidence of other violations which warranted us to make a police report on 18 January 2013.

“Upon further investigations, the Bank lodged a second police report today,” the bank added.

It reiterated that Azrul’s suspension had nothing to do with his presentation at a regional economic conference in Singapore early this month, where he predicted that the ruling Barisan Nasional (BN) could lose this year’s general election to Pakatan Rakyat (PR).

Bank Islam Malaysia’s main shareholder is the Lembaga Tabung Haji, which is a government-linked fund in charge of Muslims performing the Haj.

The bank had first lodged a police complaint against the economist last Friday, accusing him of violating its internal policies and code of ethics which it said amounted to criminal offences.

According to a copy of the first police report filed by its head of human resources, Jamilah Abdul Sallam, Azrul had been found to be in possession of the minutes of the bank’s board of directors’ meeting deemed to be confidential and sensitive as it involved a corporate exercise proposal involving Bank Islam.

“Mr Azrul who had no access and authority to the documents had handed those documents to an unrelated third party without approval.

“The documents were scanned and sent by email to a third party on 21 June 2012 at 12.36pm. The email was titled TOP SECRET,” Jamilah said in her police report, which has been posted on several blogs <http://thebenchmark0.blogspot.com/2013/01/bank-islams-police-report-against-wawa.html>.

Azrul has yet to respond to The Malaysian Insider’s request for comment.

Dang Wangi district police chief, ACP Zainuddin Ahmad, confirmed Bank Islam had lodged the second police report earlier today, but declined to disclose further information.

“Ya, we received a police report from Bank Islam on Azrul Azwar. It was made this morning.

“I cannot disclose any further information on the case, but we will investigate with the evidence and testimony given,” he told The Malaysian Insider when contacted over the phone.

Azrul was suspended from his duties by the bank on January 14 after he was reported by Singapore’s The Straits Times to have predicted a narrow win in Election 2013 by Pakatan Rakyat (PR) as the most likely out of three possible scenarios.

In a report by The Straits Times, Azrul Azwar’s calculations found that one of the most likely scenarios was that the ruling Barisan Nasional (BN) coalition would likely win only between 97 and 107 of the 222 parliamentary seats, which are insufficient to form the next administration.

But the result would also mean that PR will only gain a shaky hold over Parliament, far from the supermajority once enjoyed by its rival.

The two other likely scenarios reportedly presented by Azrul Azwar was that there would be a narrow win for BN and a bigger win for PR.

Azrul Azwar had taken into account factors such as race and demographics.

He had also forecasted that under the most likely scenario of a narrow win by PR, a fallout would result, with the stock market set to respond in a “knee-jerk” fashion as well as an extended period of perceived instability.

He also did not rule out the possibility of “economic sabotage” by businesses and the civil service that are aligned with BN.
 

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