An anonymous employee reported the incident to gossip account The Aussie Corporate, which shared the allegations on Instagram yesterday.
A photo booth at the function reportedly “captured a highly disturbing image involving an executive and a junior colleague involving a mock terrorist or hostage situation”.
The executive was pictured in a kneeling position while a junior colleague made gun signs at them, seemingly acting out a captive-prisoner situation with a racial undertone.
“The situation was further compounded by the junior colleague wearing a towel fashioned as a head dress, which was understood to be an attempt to depict a terrorist.”
Nine executives work alongside Raja at the financial institution, which was created out of a merger between NAB and Cuscal in 2021, according to news.com.au.
Raja said recruitment for the departing managerial role has already begun.