Maybank denies being under investigation in Indonesia after staff questioned

Malayan Banking Berhad (Maybank) has clarified that it is not the subject of any investigation in Indonesia. This statement comes after a Bloomberg report citing sources familiar with the matter indicated that some of the bank's bankers were being questioned by Indonesian authorities.

The Bloomberg report suggested that the inquiries were focused on transactions connected to the export activities of PT Salim Ivomas Pratama, identified as one of Indonesia's largest palm oil producers. The nature of these transactions and their specific link to the Salim Group probe were not detailed in the initial report.

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As a regulated financial institution, Maybank remains committed to maintaining the highest standards of governance, compliance and integrity across all its operations.

In response, Maybank Indonesia confirmed that its personnel had been requested to provide information as witnesses. The bank issued a statement late Wednesday, asserting that this assistance was being provided in accordance with applicable laws. However, the bank declined to offer further specifics, citing the ongoing nature of the matter.

Maybank emphasized its commitment to upholding the highest standards of governance, compliance, and integrity across all its operations. As a regulated financial institution, the bank stated its dedication to fulfilling all legal and regulatory obligations. Due to the ongoing status of the situation, Maybank indicated it was unable to provide further comment.

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Maybank Indonesia's personnel have been requested to provide information as witnesses to assist authorities in accordance with applicable laws.