It could be my bank ....
Yesterday, out of the blue came the news of a local bank being swindled of RM 37.0 million. Actually, this happened 2 years ago and only now are we told by the media. The police that have investigated since the bank realized that it has been cheated does not reveal much beyond saying that case is under investigation, several witnesses have been interviewed and no arrests have been made. The news mentioned that the bank had been operating for the last 26 years.
Since no one is telling, now, which bank started operating 26 years ago. This takes us back to 1985. It cannot be any of the big banks like Maybank, CIMB, Public, for they have been here much earlier or banks like EBB, Hong Leong which are recently established. It cannot be Bank Rakyat, can it ? The closest that comes to mind is Rashid Hussain.
What happened was that the moment the loan was approved and the whole RM 37.0 million was disbursed, the swindlers disappeared. Obviously, some bank insiders were certainly involved; else how could a loan of such magnitude be approved and the whole amount disbursed in one ago.