Whistle-Blower Sues BlackRock over Firing and China Monitoring Tool Shutdown
Monday, 20 May 2024, 19:04
BlackRock Whistle-Blower Lawsuit
Hamdan Azhar, a former employee of BlackRock, is suing the asset manager for firing him and shutting down a vital monitoring tool. The tool was designed to track illegal investments, particularly focusing on actions in China. Azhar's termination came after he objected to unethical behavior by a colleague.
Allegations of Wrongdoing
- Azhar claims he was fired for exposing a colleague's self-dealing.
- He was also compelled to close the monitoring system that tracked client discussions on illegal investments.
The closure of the monitoring tool raises concerns about potential illegal activities within the company.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.