Which part of this act is not criminal?

Suspended Bank Islam Chief Economist Azrul Azwar “Wawa” Ahmad Tajuddin claims his act of leaking so many highly confidential and sensitive information and scanned documents of the bank via e mails which include Board of Directors (BOD) and Exco papers to third party without consent is not criminal in nature.

Allegations not criminal, police report an intimidation tactic, says Bank Islam economist

By Ida Lim
January 22, 2013

KUALA LUMPUR, Jan 22 – Azrul Azwar Ahmad Tajuddin has defended himself against his employer Bank Islam Malaysia, saying today the bank’s police report against him is an intimidation tactic and their allegations are a civil matter and not criminal in nature.

The bank announced today it has filed two police reports against their suspended chief economist, accusing him of possessing and leaking confidential documents to a third party.

“In response to the police report lodged against me, I wish to reiterate that the allegations contained in the police report made by my employer do not constitute any criminal offences.

“At most, it is only a civil matter which is now the subject of an internal inquiry between my employer and myself. I cannot see why this matter is now being turned into a police case,” Azrul (picture) said in a four-paragraph statement today.

He appeared to accuse Bank Islam of using the police reports to intimidate and harass him.

“This heavy-handedness is nothing but an intimidation and harassment tactic against me,” he said, adding that he is currently seeking legal advice and will instruct his lawyers to take further action if necessary.

Azrul told The Malaysian Insider today that he was not aware of the second police report.

Bank Islam today wrote in a brief three-paragraph media statement: “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.”

“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 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.

A copy of the police report was scanned and put online.

In the police report, the bank’s head of human resources Jamilah Abdul Sallam, said 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&gt;.

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.


The Police report made clearly stated “The bank found evidence and documents to show that Azrul Azwar likely to commit a criminal act” and ask for an investigation. Leaking so many highly confidential and sensitive information and scanned documents of the bank via e mails which include Board of Directors (BOD) and Exco papers to third party where he had no authority and access is ‘information theft’.

Police Report against Wawa

Police Report against Wawa

It is a criminal breach of trust. Especially part of the documents leaked are BOD papers for  the bank’s corporate exercises.

It is baffling that persons of such attitude and psychological state is being employed by banks. For an employee who has been appearing actively in certain political party’s dos which are clearly practicing ‘Politics of Hatred’  and the bank failed to monitor his activities is rather alarming.  Leaders of PKR are known to lie and manipulate facts in the objective to confuse the public in the ‘Politics of Hatred’ strategy.

 Clear examples are ‘Rosmah Mansor is behind the murder of Altantuya’, ‘Rosmah Mansor’s RM24 million ring’ and  ‘The Scorpene Submarine Trial in France’. In the case of “National Feedlot Corporation’, PKR Director of Strategy Rafizi Ramli is being charged under Section 97 of BAFIA act for making public account details without consent.

It is clear that Azrul Azwar e mailed all these confidential and sensitive information and documents to PKR party leaders, to be used by them for another political intent of malice and perpetuating lies for the ‘Politics of Hatred’ strategy.

Azrul Awar should just focus to facilitate the investigation, which should be made by the Police’s Commercial Crime Department. PKR should be more concerned about employees of banks and financial institutions contravening specific laws such as BAFIA and eroding public confidence in the secrecy within the banking system. This would eventually affect any FDIs and Prime Minister Dato’ Seri Mohd. Najib Tun Razak in making Malaysia a financial hub.

This is the real ‘Economic Sabotage’.

Published in: on January 22, 2013 at 22:56  Comments (22)  

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22 CommentsLeave a comment

  1. This does not bode well for MCKK. Employers will be wary when looking at candidates/applicants from the school from now on. Rafizi and Azrul have not done justice to their alma mater.

    These two should not be allowed to wear the school tie. Many are embarrassed that the school’s reputation has been tarnished by the misguided “loyalty” of some of its scholars to the “convicted abuse-of-power political criminal” (you know who I mean) who is well-known to have manipulated confidential facts/information to put the government in a bind.

    People like these who abuse other’s trust in them should be severely punished. They do a great disservice to their employers, government, public and community.

    • Damn straight! Some MC Old Boys (MCOB) with the strings and balls should tell Analwar, Rafizi, Nazmi, Azwar and the gang to stop putting on the neck tie! To stop associating their political inclinations to MCKK! The rest of us MCOBs just want to get on with our lives, pay our bills, raise our kids; and when the time comes we’ll vote whoever the heck we want – MCOBs or not!

  2. History will judge them…..in our history those who were initially named as traitors ,collaborators,murderers and killers of the past were later ordained as heroes,freedom fighters etc…so let the future generations decides and we are not supposed to prejudge….

    • Kitol the infamous betrayer of the Malays, was a traitor ceturies ago, is still a traitor today, and will be a traitor of the Malays….generations to come.

  3. Its internal issue and should be solved via domestic inquiry. It does not warrant police intervention. Looks like someone is desperate or pressured by someone/something to lodge police report to highlight unethical PR supporter. There are code of conduct and ethics that can guide the bank to take action. Also, why only NOW? The alleged incident happened in June 2012!

    • Thank you.

      Please read Bank Islam Head of Human Resource Jamilah’s Police report.

      It clearly stated that whilst they were investigating on the breach or conduct, they discovered that Wawa had leaked and was leaking confidential and sensitive information and documents to third parties, without access nor authorization.

      • 🙂 read it. My point of view is that the bank is trying to justify the suspension. Whatever allegation has to go thru DI first. I think BI had been wrongly advised.

      • Thank you.

        For breach of authority and conduct unbecoming of a bank employee, yes, a DI shall do.

        BUT CBT and breach of BAFIA, that’s criminal. Police should investigate.

      • 🙂 Technically & process wise, it should be DI first, then police report. It is now seen as intimidation where the allegations had not been investigated and proven internally. Whether the allegations are true or not, BI is at risk of being sued.

      • Thank you.

        Not necessarily. If the bank strongly suspect there is a breach in crime, they should leave it to the Police to investigate.

        They have enough forensic communication proofs that information and scanned documents were sent out via the suspect’s e mail.

        Breach of BAFIA and Penal Code are more serious laws, compared to Employment Act.

    • “he is currently seeking legal advice and will instruct his lawyers to take further action if necessary”

      Then he must realized that the Bank also has the prerogative to seek legal advise and thereafter take the necessary actions, including making the police reports.

      Whether civil or criminal, or both, it is for the Bank to decide, not him. Who is he to tell the Bank what is right or wrong, or rights the Bank have.

      Intimidation?!!!that’s childish in nature. If you do no wrong, what is there to be afraid of. Only police reports maa. Did the police send commandos or special branch unit to intimidate him? Alamak, why not he ask what police did to Ummi Hafilda on orders by his idol, Anuwar Ibrahim. People forget so fast.

      • 🙂 intimidation can come in many forms my friend…

    • Why so concerned about DI or Police Report, Civil or Criminal, technical or process?

      The main issue that merit attention here is whether this guy did any wrong or not, whether he is in breach of any laws & regulations set by the bank.

      The Bank has every right to take necessary action deems fit. Whether there are pressure (obviously there are in any organizations, whether government, private or politic) or intimidation, that is the rights of the Bank. On the other hand, if Azrul feels there was intimidation, its his right to feel so.

      The procedure, the processes and the feeling are not in question. Go to court and fight out that you did no wrong. Dont depend on technicality to free yourself.

      • 🙂 as you rightly pointed out that the bank has the right to do whatever they wish. So as Azrul with the technicalities and adherence to due process to free himself.

      • That being the case, why raise up the technicality/process/ procedure issues taken by the bank? Azrul can seek legal redress too to dispute those technicality, did/will the Bank question/stop him from doing that?

        The the variety of intimidation, in many forms, well certainly if you want to intimidate someone, like Anwar did, you would explore all possibilities. But how or what form, police report/gun pointing/etc, is not the issue here.

        Dont divert too far, the issue is whether he committ any offence, civil or criminal, or both.

      • 🙂 and I agree to that. Just BI is risking itself by not following proper procedure which will haunt itself in the near future. Not just Azrul but to other BI employees/future employees as well.

      • Baguslah jika yang ambil risiko adalah Bank dan bukannya para pekerja. Kerana Bank ada kepentingan, resources dan kemampuan, pekerja cuma makan gaji. Sudah diberi pekerjaan, ikutlah peraturan majikan (bank) lebih-lebih lagi majikan pun ada tuan (kerajaan/ shareholders).

        Berani buat, berani tanggunglah. Kecuali majikan itu ialah mak bapak dia sendiri.

  4. really an ass hole

  5. from ooh la la to oh mon dieu. Monsieur Wawa really is in hot soup now. Bonne chance.

  6. wak, I fully agree with you. kita Melayu memang bermaruah.

  7. For those who do not work in financial market maybe not aware that he is not the only chief economist who predict there is high chance BN could loose, few other local bank economist also boldly predict the same. To me economist should refrain from making comment with regards to political matter, as their view could affect individual mindset such as in their voting decision. Look at what happen to KLCI last week how severely it drop as if there is no tomorrow, when people selling rumours election is nearing. Malaysia goverment bond also under selling pressure. The next day, when people realise that it was a rumours, market recover back. BN Win or loose, let the people decide about it, and let the market force move the market rather than few individuals inflicting their political views to dictate the market.

  8. […] economic expert recently was sacked for conduct unbecoming of a bank employee and now being investigated for commercial crime in….  The corporate man who sits in the BOD once got into a lot of debt trouble with his property […]

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