Wednesday, January 23, 2013

AAA Rating to BBB to Junk Bond

Datuk Rocky told us the "The Untold Story of Wawa Part 2: Bank Islam's police report"

The Sun Daily reports "Bank lodges second police report against chief economist"
"The suspension is due to Azrul's violation of the bank internal policies, the details of which have been conveyed to Azrul in the show cause letter, handed to him on Jan 17, and upon further investigation, the bank lodged a second police report today,"
One does not need to make a police report to sack a person. Police reports are normally made to investigate the elements of a possible crime or crimes committed.

I always say when you lie you always get caught up in your own lies. When En AAA was suspended he blamed his suspension on "political motivation".

The Washington Post in it's report on the suspension had En AAA on the line,
“My intention is to eventually resign,” Azrul, who has been with the bank on and off since 2007, said in a telephone interview with Bloomberg News today. “I don’t want to burn bridges. My bosses have been good to me. I don’t want others to suffer from political pressure.”
How can anyone reconcile being "politically motivated" and being good bosses at the same time?

The moral of the story are plenty. Furthering the ambitions of a desperate Anwar Ibrahim is foolhardy. Taken in by his smooth glib ultimately gets you into a right mess. Anwar will then give token support like "zalim" and then wash his hands.

En AAA star was a shining one. He was only suspended, a rating of AAA to BBB. If he does not resign he will definitely be sacked.

Worst still he now faces a possibility of time behind bars.

BBB to junk bond.

Hopefully for En AAA, Anwar would not completely wash his hands off En AAA.

There is always legal representation by the likes of Sivarasa to claim "political motivation", in event of a sacking, if En AAA does not resign, in a labor court. Or claiming "political motivation" of possible charges, in the criminal courts.

One way or the other.

1 comment:

Snuze said...

Heh. Let's watch it all unfold soon.