A 'rogue' Westpac bank manager is accused of bankrupting a 98-year old woman who lives in a nursing home, after lending her $400k.
It's believed the money went to an investment property developer which subsequently collapsed.
The bank manager, who worked for Westpac at the time, approved the lo-doc loan and even filled in her application forms.
A senator on the case said it was a very "sad story."
"I'm very concerned about these lo doc loans. I'm aware in this country and around the world we have rogues, I'm aware [Westpac is] a good bank and can't stand behind every bank manager, but this is a case of a bank manager who filled in the forms for a 98-year-old woman," he said.
The Gold Coast manager is accused of 'approving' lo doc loans for three more elderly clients.