Farmer putting heat on bankers

Prawn farmer Sam fights for justice against ANZ

Summary: 

"How come a business worth $6.5 million could sell for only $1.55 million? When a bank and liquidator decide to strip a company of value and sell it off in such a way that the borrower loses all equity ... that's how come. In many cases insider mates of bankers, lawyers or receivers buy the property at a bargain price. These are the types of crimes our Prime Minister doesn't care about. There is no excuse. Mr Turnbull .... Bring on a Royal Commission!

Article Information
Category: 
Banking Company: 
ANZ
Bank Malpractice Type: 
Unconscionable Conduct
Author: 
Julian Tomlinson
Source: 
The Cairns Post
Date First Published: 
11 Feb 2017
Posted By
Peter Brandson
Peter Brandson's picture

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