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CIMB Islamic Bank’s CEO Badlisyah resigns – KINIBIZ He had made a FB post questioning the validity of WSJ document…
CIMB Islamic Bank’s CEO Badlisyah resigns http://www.malaysiakini.com/news/305154
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KINIBIZ CIMB Islamic Bank’s chief executive officer and board member Badlisyah Abdul Ghani will resign all his posts effective Aug 15, 2015. Badlisyah also heads CIMB Group Bhd’s Islamic banking and finance franchise.
In a statement to Bursa Malaysia, CIMB Islamic Bank’s board of directors announced it has elected Mohd Shafri Shahul Hamid as the person-in-charge of the bank in and agreed for the group nomination and remuneration committee to start the process of identifying Badlisyah’s replacement.
CIMB Islamic chairperson Syed Muhammad Syed A Kadir said: “We respect Badlisyah’s decision. Since his appointment in 2006, Badlisyah has strengthened our global Islamic banking franchise and we are now well positioned globally to tackle the challenges and opportunities ahead of us. The board and I are grateful to Badlisyah for his leadership, integrity and contribution to the group. We wish him well for the future and the next stage in his career”.
http://www.malaysiakini.com/news/305154
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Badalisyah says that the views expressed on the matter were strictly his personal views which does not represent anyone else or any organisation.
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CIMB Islamic banker fumbles, chief Nazir frowns http://www.malaysiakini.com/news/304524 | https://twibble.io
CIMB group chairperson Nazir Razak last night poked fun at his lieutenant Badlisyah Abdul Ghani, who is CIMB Islamic chief executive officer, for Badlisyah’s attempt to discredit banking documents purportedly showing multi-billion ringgit deposits into the prime minister’s private bank accounts.
The documents, which included Swift messages, were released by The Wall Street Journal (WSJ) on Tuesday to back up its report that US$700 million in public funds were purportedly deposited into Prime Minister Najib Abdul Razak’s personal bank accounts.
Taking to Instagram, Nazir posted a photograph of CIMB group chief executive officer Tengku Zafrul Tengku Abdul Aziz showing former CIMB group chairperson Mohammed Nor Md Yusof something on his mobile phone as CIMB Islamic chairperson Syed Muhamad Syed Abdul Kadir looked on.
Nazir then captioned: “Zafrul and Syed showing a surprised Md Nor the Facebook posting by Badli (Badlisyah of CIMB Islamic) on WSJ article.”
On a serious note, Nazir promised that action would be taken over the matter.
“Posts have been removed as it is a technical matter on which he should not be commenting.
“Our apologies, we will conduct an internal inquiry,” said Nazir, who is the prime minister’s younger brother.
http://www.malaysiakini.com/news/304524
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Malay Mail Online
CIMB Islamic chief to face internal inquiry for erroneous remarks on WSJ’s 1MDB report
In his caption, Nazir had described his two colleagues as showing a ‘surprised’ Tan Sri Md Nor Yusof (right) the Facebook posting by Badlisyah on WSJ’s article. — Instagram screencap
KUALA LUMPUR, July 9 — CIMB Group chairman Datuk Seri Nazir Razak has ordered an internal inquiry on a senior executive of its Islamic banking unit who yesterday accused US-based Wall Street Journal (WSJ) of being duped by doctored documents in its explosive money trail expose on 1Malaysia Development Berhad (1MDB).
Nazir disclosed the action in a late night post on his Instagram account, after news portal Malaysiakini reported CIMB Islamic Bank chief executive officer Badlisyah Abdul Ghani for his erroneous analysis on WSJ in his closed-circuit Facebook page.
“Our apologies, we will conduct an internal inquiry,” Nazir said in a caption to the photo-sharing service tagging CIMB Group CEO Tengku Datuk Zafrul Aziz and CIMB Islamic chairman Datuk Dr Syed Muhamad Syed Abdul Kadir.
In his caption, Nazir had described his two colleagues as showing a “surprised” Tan Sri Md Nor Yusof — a former CIMB chairman now on the bank’s international advisory panel — the Facebook posting by Badlisyah on WSJ’s article.
“Posts have been been removed as it is a technical matter on which he should not be commenting,” Nazir commented.
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Banker in trouble with Nazir Razak for defending his brother the PM against WSJ in a private FB posting
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Jul 8, 2015
Top banker admits error in analysis
CIMB Islamic Bank chief executive officer Badlisyah Abdul Ghani has admitted making some mistakes in his analysis of documents detailing the alleged transfer of nearly US$700 million to Prime Minister Najib Abdul Razak’s personal accounts.
“I would also like to acknowledge that I had made an error in my post with regard to my analysis of the various Swift codes.
“The mistakes were correctly pointed out by a report in Malaysiakini on the matter, and I have also made the correction on my Facebook page,” said Badlisyah in a press release.
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Initially, Badalisyah had claimed that the Wall Street Journal “fell” for a fraudulent Swift message document in making the allegation against Najib.
He had taken issue with what he claimed to be discrepancy in the sender’s address as well as the Swift Code of the bank in which the funds were sent from.
Upon checks by Malaysiakini, it was established that most of Badalisyah’s forensic work was inaccurate.
http://www.malaysiakini.com/news/304512
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Top banker claims @WSJ fell for ‘fraud’ bank docs http://www.malaysiakini.com/news/304483 #1MDB @NajibRazak
CIMB Islamic Bank chief executive officer Badlisyah Abdul Ghani has accused The Wall Street Journal of falling for false documents with regard to its report claiming that RM2.6 billion worth of 1MDB-linked funds were deposited into AmBank accounts belonging to Prime Minister Najib Abdul Razak.
However, a check by Malaysiakini revealed that he could have missed the mark.
Badlisyah had based his claim on an analysis of the ‘Swift’ message documents released by The Wall Street Journal (WSJ) yesterday.
“Fraud using Swift message is real and it is shocking that WSJ fell for it.
“And it is even more unfortunate that some Malaysians also fell for it by relying on WSJ’s good reputation,” Badlisyah said in a Facebook comment.
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He took issue with what he claimed to be discrepancy in the sender’s address as well as the Swift Code of the bank in which the funds were sent from.
He pointed out the document listed the bank’s address as “375 Park Avenue, NY 4080, New York, NY” but the “real address” of the particular Wells Fargo bank branch is “375 Park Avenue, 10th floor, New York, NY 10152”.
“Please note postcode is very different – 10152 vs 4080.
“This is typically one way how one could check the authenticity of a Swift message. The tell tale sign includes wrong name of banks and/or wrong address.
“Fraudsters will always make at minimum a slightly different name or address so that people would miss it upon first scrutiny,” he said.
‘Discrepancy in Swift Code’
Furthermore, Badlisyah said, the Swift Code for the particular Wells Fargo Bank branch is “PNBPUS3NNYC” but the document released by WSJ stated it as “PNBPUS3NANYC”.
“The best and most straightforward way to check whether a Swift document is authentic is to check the Swift Code of the bank used in the document.
“If it is wrong then the whole thing is a fraud. This can also be done online, through the relevant official website.
“The Swift Code PNBPUS3NANYC belongs to Alfa-Bank Moscow. This is not just a tell tale sign the document is an absolute hoax but a very firm confirmation that the document is a hoax or a fraud.
“How could WSJ miss this factual error?” he said in the Facebook posting.
Malaysiakini has scrutinised Badlisyah’s claim and found no discrepancy in the address’ postcode.
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Both “4080” and “10152” are part of the Bank’s address and is listed as follows: “375 Park Avenue NY 4080. New York, NY 10152”.
This was confirmed by two Swift Code databases (photo), bank-codes.com and swift.com,which list the address as “375 Park Avenue, NY 4080” followed by postal code as “New York, NY 10152”.
Furthermore, Malaysiakini also found that Badlisyah had erroneously attributed the Swift Code PNBPUS3NANYC as belonging to Alfa-Bank Moscow.
Alfa-Bank on its official website lists its Swift Code as ALFARUMM (photo) and this is also confirmed by databases such as swift-code.com.
For the whole article:
http://www.malaysiakini.com/news/304483
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http://www.malaysiakini.com/news/304483
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weehingthong 