480 million dollar deposit highly possible gone.
While Bank Negara revoked the approval of Bank Internasional Indonesia (BII) acquisition. The RM480mil deposit may be fail to get back. Minority Shareholder Watchdog Group (MSWG) chief executive officer Abdul Wahab Jaafar Sidek said,
Why go in when the market is down? They are dealing with our money, they should assume responsibility if the bank loses the deposit.
This is true that having this kind of decision making without in depth of analysis from higher management.
Before you enter the market, you already lose money.
Too bad that we are Lose Money Malaysians today ![]()
