CIMB Bank’s CEO takes voluntary personal leave

Anutarasoti is taking voluntary leave from all his positions in the banking group due to personal reasons.

Kittiphun Anutarasoti, CIMB Thai Bank PCL’s President and CEO is taking voluntary leave from all his positions owing to personal reasons. 

CIMB Thai’s board is supposed to announce the appointment of an acting president and CEO upon obtaining the necessary regulatory approvals.

CIMB Thai’s parent CIMB Group Holdings Bhd shared “Kittiphun submitted a request for voluntary personal leave until March 31, 2019, from his position as the President and CEO and also as the member of the board and its committees.

It is reported that Kittiphun is taking this leave to fight personal allegations. Kittiphun was recently in the news in Thailand in relation to a probe by Krungthai Bank (KTB) where he used to work and extended loans to a coal mining company, Energy Earth.

According to press reports, the findings made allegations against him, relating to misconduct and fraud.

On Jan 10, a media publication had reported that Kittiphun had criticized the review process as unfair as he was not informed of the charge nor was he allowed to clarify his position. He was reported as saying that KTB only made clear the allegations against him on Dec 25 last year when the inspection was finished.

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