A man has offered his $2.6m home as first prize in a crusade against a major bank.
Dr. Peter Brandson of New South Wales has accused NAB
of making a loan to a family member in 2004 that he alleges was based on income and asset information falsified by a bank employee, the ABC has reported. Bradson said the loan allowed the family to buy a luxury home, but that the burden of repaying it resulted in a family breakdown and divorce.
Bradson told the ABC that while he had no legal liability for the loan, he felt compelled to take on responsibility for the repayments.
"Later it appeared that the loan was given simply to have access to my assets and my income, and unfortunately that led to a whole series of traumatic events in our lives," he said.
He's now asked Australians to join a campaign he's launched against predatory lending by banks, and has offered his $2.6m luxury home as the prize in a lottery among people who join his crusade.
spokesperson told the ABC the bank was committed to responsible lending, but that it would not comment on individual customers' circumstances.