I doubt, if the national fraud portal will do any good in preventing banking frauds as long as Bank Negara Malaysia, does not enforce its rule book on who gets to be employed at the top echelon in banks and financial gateway companies.
A year ago, I had warned that READ: the A$19 million IOU payment scandal in Australia over transactions in Malaysia, should be an eye opener to Bank Negara Malaysia to immediately enforce its own handbook on who is allowed to be employed at the top level in such institutions.
THE central bank's 2018 Employee Screening Guideline's among others states READ: The behaviour of each individual employed by a Financial Institution may be perceived publicly to be a reflection of the broader state of conduct and culture within the financial sector.
DO tell me, and Malaysia too, dear Bank Negara Malaysia, how should the public feel or preceive e payment entities such as Revenue Group Bhd or even the entire banking sector as a whole, especially since Quantum Metal's former chairman, Kamari Zaman Juhari, now is sitting pretty as chairman of Revenue Group.
SHOULD the public who is well aware that the fish rots from the head onwards, feel safe with this type of people being given the keys payment companies?
OR should they be thinking is this Kamari Zaman Juhari the same dude from Quantum Metal that had its millions of US dollar transfer to Australia, being rejected by Australian Central Bank known as the Australian Reserve Bank.
OR should they be asking themselves, did Quantum Metal investors ever gey their money back or how instrumental was Kamari Zaman Juhari in marketing Quantum Metal to the public?
THE bottom line, there is a big problem at the Bank Negara Malaysia level, which is preceived to be more interested in protecting the interest of its former staff than the interest of MALAYSIA.
