New York Post

$100M sex rebuttal

Ex-BofA exec claims blowing whistle cost him

- By KEVIN DUGAN and CARLETON ENGLISH kdugan@nypost.com

A former Bank of America executive who was accused of sexual harassment filed a $100 million arbitratio­n claim against the bank, accusing it of concocting phony allegation­s against him because he was a whistleblo­wer.

Omeed Malik, who ran the bank’s prime brokerage desk until January, claims in a roughly 150-page arbitratio­n filing he was ousted after he blew the whistle on his direct supervisor, managing director Martina Slowey, sources told The Post.

Malik claimed that Slowey, based in London, lacked the proper regulatory licenses to do business in the US — and that he was fired in revenge after she got wind of his complaints, the sources said.

The explosive claims come in response to reports in The Wall Street Journal and New York Times that Malik, 38, was let go amid an internal investigat­ion into alleged unwanted advances toward female employees, as well as relationsh­ips with female subordinat­es.

“Malik was never accused of sexual harassment at all by the bank,” John Singer, a lawyer for the banker, told The Post.

Malik was fired from Bank of America on Jan. 9 — weeks before he was expected to receive his annual bonus.

But the bank, led by CEO Brian Moynihan, says his claims are “without merit.”

“The bank stands by its decision to terminate Mr. Malik,” Bill Halldin, spokespers­on for Bank of America, told The Post.

“The bank had appropriat­e supervisor­y structures at all times,” Halldin said.

In his arbitratio­n claim, Malik accuses executives at the bank of defamation, breach of contract, and discrimina­tion against his Muslim background.

He also claimed the bank was protecting the misdeeds of white male supervisor­s, according to a person who’s seen the document.

A civil suit against the bank could be filed in New York state court after next week, Singer said.

While Singer wouldn’t go into detail about the claims in the arbitratio­n, he hinted that the civil suit could embarrass some high-powered BofA execs.

“The court complaint will be very detailed and very specific as to the white males at the managerial director level or higher who engaged in actual sexual harassment conduct, which is in sharp contrast to Omeed, who was never engaged in any such behavior,” Singer told The Post.

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