Financial shenanigans

It would be interesting if Bank Negara and the Securities Commission can comment on this case, namely,

• how the bank giving out such a big loan deal with the unpaid loan of $83million, not including interest
• Can the employer of the clerk 'abscond' with such ease?
• Did the bank officials 'knowingly' allow such a 'loose' arrangement when dishing out such a big sum
• OMG! RM83 million! Will that bank be bailed out later, when global financial collapse happens, in the not too distant future,
• Is this a case for Anti corruption, although, they appear to be clueless?

Tam Yeng Siang

11 seconds ago via The Star Online

• Quote1 " The 56-year-old mother of four was embroiled in a financial nightmare when her employer registered her as a director of one of his companies and took large loans without her knowledge. The employer then absconded with the money"
  
  Quote2 " PPIM’s financial services monitoring bureau chief Sheikh Abdul Kareem Said Khadaied, questioned how such a huge loan was handed out by the bank when the guarantor was only a clerk. “Doesn’t Bank Negara Malaysia monitor these things closely? “A police report was filed against the directors but no action has been taken.
  
  Comment.. Who is the employer who "absconded"? How did the bank deal with such a big unpaid loan? Was the bank directors "stupid", or was there collusion between the bank directors and the 'employer who "absconded"'?

  

  Former clerk freed of RM83mil 'debt'

  fw.to

  KUALA LUMPUR: Radziah Hussein can finally obtain a credit card after nearly 12 years of protesting her alleged bankruptcy after she was said to have “defaulted” on a whopping RM83mil loan.

Financial shenanigans