The bank says it is cooperating with authorities in enquiries involving certain corporate customers.
It said personnel from Maybank Indonesia had been requested to provide information as witnesses to assist the authorities.
“As a regulated financial institution, Maybank remains committed to maintaining the highest standards of governance, compliance and integrity across all its operations.
“The group also remains committed to fulfilling its legal and regulatory obligations in the jurisdictions in which it operates,” Bernama reported it as saying.
Maybank said it was unable to comment further because the matter remained ongoing, citing customer confidentiality obligations and regulatory requirements.
Earlier today, Bloomberg quoted sources as saying that Indonesian authorities had questioned bankers at Maybank’s Jakarta unit as part of an investigation into suspected export flows involving the Salim Group that might have understated the actual value.
The queries focused on transactions related to the export activities of PT Salim Ivomas Pratama, one of Indonesia’s largest palm oil producers.
The sources said bankers from Maybank Indonesia had carried boxes of documents to the attorney-general’s office last week before being questioned as witnesses.
Authorities are examining whether some goods were invoiced below market value in an attempt to conceal profits and reduce taxes.
They said last month they were investigating 10 major palm oil producers in the country over the alleged manipulation of crude palm oil export prices, although it remains unclear whether PT Salim Ivomas Pratama is among the companies being investigated.
A Maybank Indonesia spokesman said the bank “remains committed to maintaining the highest standards of governance and compliance, and cooperates with relevant authorities in accordance with applicable laws and regulations”. - FMT
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.