Citibank siphons out Malaysians wealth.
Citibank US (Citi) decided to sell its consumer business in 13 countries. Malaysia and South Korea are amongst of the impacted countries.
In South Korea, Citi suffered losses and had no buyer for its consumer business. In Malayisa, Citi’s biggest and most profitable consumer business including the workers were sold to another foreign bank.
The whole process lacked transparency, fairness and the worst is the discrimination between South Korea and Malaysian workers.
South Korean workers were paid full wages for a period of 7 years amongst other benefits. But, in Malaysia, long serving B40 and M40 workers, were cruelly sold off without any good will benefits in recognition of the years of service, contribution and loyalty in securing the huge profits.
Citi fails is very own ESG. Citi fails to uphold human rights – fair treatment.
Citi is siphoning out the profits reaped Malaysian soil and the Rakyat along with the procees from the sale its business much to the disadvantage of the Rakyat.
BNM approved Citi’s exit with the Malaysian’s Wealth.
What will Malaysian PMX do?
Will he keep mum?
Will he rise up to help Malaysian workers?
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