A Colonial Geared Investments (CGI) staffer linked to Storm Financial (Storm) has allegedly been dismissed.
It is rumoured that CGI staffer Kamal Arnaout was let go from CGI's Sydney office last week for his involvement with Storm margin loans.
While CGI would not comment on staff-related matters, a company spokesperson said Arnaout was still employed with the bank and there had been no changes to his division.
However, a former Storm executive who spoke on the condition of anonymity said Arnaout had been dismissed.
"[Arnaout] looked after Storm. It was his primary role - he was the only person that we ever spoke with," the executive said.
It has also been claimed that Arnaout has been asked to front the Worrells inquiry into Storm and his appearance at the inquiry may be another reason for his dismissal.
