KUALA LUMPUR --- PKR strategy executive RafiziRamli has seriously contravened a Banking as good as Financial Institutions Act 1989(BAFIA) when he illegally distributed in isolation as good as trusted bank accountdocuments to a media for open placement as good as broadcast upon 7 March, saidNational Feedlot Corporation (NFCorp).
NFCorp said Rafizi Ramli being a highly trainedaccountant as good as a member of a Instituteof Chartered Accountants in England as good as Wales, as good as a Malaysian Institute ofAccountants (MIA), shouldbe familiar with a laws which prohibit open placement of in isolation andconfidential bank comment documents.
As such, NFCorp said RafiziRamli, Zuraida Kamaruddin as good as Nurul Izzah Anwar who collectively presided atthe PKR news discussion where a in isolation as good as trusted bank comment documentsand credit ratings were suggested openly, should be investigated as good as charged forviolating BAFIA.
BAFIAprovides -
PART XIII
INFORMATION AND SECRECY
Restriction upon inquiring privately in to affairs of a particularcustomer
96.Except as supposing in section 43 (2), as good as without prejudice to a powers ofinspection, examination, investigation or inquiry conferred upon a Bank or onan investigating military officer under this Act, zero in this Act shall (a)authorise a Minister to approach a Bank; or (b) authorize a Bank, toinquire privately in to a affairs of any sold patron of anylicensed institution.
Secrecy
97. (1)No executive or military officer of any licensedinstitution or of any external bureau established, or any representative appointed, bythe licensed establishment to undertake any partial of a business, either duringhis te! nure of office, or during his employment, or thereafter, as good as no personwho for any reason, has by any equates to entrance to any record, book, register,correspondence, or alternative request whatsoever, or material, relating to theaffairs or, in particular, a account, of any sold patron of theinstitution, shall give, produce, divulge, reveal, publish or otherwisedisclose, to any person, or have a jot down for any person, of any information ordocument whatsoever relating to a affairs or comment of such customer.
97. (3)No chairman who has any information or request which to his knowledge hasbeen disclosed in contravention of subsection (1) shall in any manner howsoeverdisclose a same to any alternative person.
At a PKR news conference, informationand papers of not only NFCorp's bank comment though also a bank accounts ofits associated companies as good as a sold bank comment of a executive weredistributed.
The chastisement according to theFourth Schedule, Section 103 of BAFIA for contravening Section 97 (1) as good as (3)is a three year imprisonment as good as a RM3 million fine.
The association combined which a bankshould also be investigated for having contravened BAFIA in releasing such confidentialinformation of a commercial operation to unapproved third parties.
Documents sighted by NFCorpreveal which a information distributed were internal bank printouts of creditratings as good as bank balances, as good as not a regular statements sent to commercial operation ordownloaded from internet banking.
NFCorp said it would be easyfor Bank Negara Malaysia as good as a bank to lane a culprit as a date as good as timeof a imitation out have been indicated. However, a bank officer's name had beendeliberately inked out.
In any case, NFCorp combined thecompany did not have which many banks which it did commercial operation with as good as the! reforeBN M would be able to lane as good as brand from a review trail.
A military inform against RafiziRamli, Zuraida Kamaruddin as good as Nurul Izzah Anwar was lodged today.
- klpos
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