A company that respects business ethics is a company that has moral judgments and functions with trust and intergrity as its foundation. This is not the case with Bank Century Indonesia, a local bank in Indonesia that is privately owned, during its scandal in 2008.

It is surprising to me that the deputy governor of the bank simply took all of his customer’s money and fled the country. He fled the country with over six billion U.S billion dollars in cash. Not only is this unacceptable from a moral perspective, this is also unacceptable from a business ethics point of view as well. Where a normal company should be transparent about its system of operations, Bank Century of Indonesia has chose to backchannel all of its records.The issue with its system is that its customers have no clue what happens to their money behind the bank’s counters. The deputy governor’s misconduct was also supported by both Indonesia’s vice president and an auditor who accepted bribery in order to keep the bank’s status off the radar. The deputy governor was not concerned about business ethics and left thousands of people without their money.

Halim, Haeril. “Hefty Sentence Sought for Budi Mulya in Bank Century Scandal.”  —Home. The Jakarta Post, 17 June 2014. Web. 11 Sept. 2014.