In a statement released by the club on Friday, Arocca described his employee as "a man of great integrity".
Media reports have highlighted that a former Storm employee had tipped off the NRL about the club's fraudulent activity and there has been some suggestions that Vale was the whistleblower.
Concerned about the nature of reports that have been circulated about him, Vale said he would seek legal advice and would cooperate in any investigation to clear his name.
Vale was Melbourne Storm's chief financial officer from 2005 to 2008, part of a period when Brian Waldron was chief executive officer and where the club has been found to have rorted the competition salary cap.
"During my time at the Melbourne Storm, I never engaged in any fraudulent behaviour," he said.
"I welcome any ensuing investigations and will cooperate fully with the NRL and auditors as I have absolutely nothing to hide.
"I strongly object to being branded a whistleblower as the only contact I have had with the NRL has been at its instigation. I have not acted unlawfully and am willing to assist in any way necessary."
On Thursday, the NRL stripped the Storm of their 2007 and 2009 premierships, their 2006, 2007 and 2008 minor premierships and their competition points for the 2010 season.
Determining the Storm had exceeded the cap by a total of $1.7 million over five years, the NRL imposed other penalties including a fine of $500,000 and the return of prize money.
Vale also worked with Waldron at St Kilda from 2003 to 2005, but the pair allegedly had a falling out before Vale's move to the Kangaroos.
