Bank manager sinks to new low

by Caroline Dann10 Aug 2012

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.



  • by International Man of Mystery 10/08/2012 8:39:40 AM

    hang him up by his assets

  • by Jeff Mazzini - AAMC Training 10/08/2012 10:19:00 AM

    Once again a rogue amongst many professionals, Banking is not the only profession that suffers from these human greed behaviours, as we are all aware.

  • by Tim 10/08/2012 10:22:21 AM

    I hope they lock him up and leave him there till he is 98. He sounds like a total lo-life !!!