  We reanalyse the recent version of the chiral model of weak radiative hyperon
decays, proposed by Borasoy and Holstein. It is shown that predictions of the
analysed model are significantly changed when one accepts the usual
classification of $\Lambda (1405)$ as an SU(3)-singlet. In particular, for the
$\Xi ^0 \to \Lambda \gamma $ decay large negative asymmetry is obtained. This
is contrasted with the Hara's-theorem-violating approaches where this asymmetry
is large and positive.
