Former CBA mobile lender to stand trial

by Rebecca Pike12 Oct 2018

A mobile lender has been committed to stand trial on accusations of conspiring to defraud his employer, Commonwealth Bank.

The Melbourne man, Andrew Cameron, faces one count of the common law offence of conspiracy to defraud. 

He has already faced a five-day committal hearing in the Melbourne Magistrates' Court concluding on 5 October 2018.

The trial will be held in the County Court of Victoria on a date to be fixed. The next directions hearing is on 26 October 2018.

Cameron has entered a plea of not guilty and remains on bail.

ASIC alleges that Cameron conspired with others to defraud CBA by providing false documents and information in support of home loan applications. ASIC alleges that the conspiracy involved approximately 121 loan applications and resulted in the CBA lending approximately $36,420,040.00.

The maximum penalty for the offence is 15 years' imprisonment.

The matter is being prosecuted by the Commonwealth Director of Public Prosecutions.