The bank identified the fraud early that year and Mr Vrettakos made a full confession but said he was not the only loan officer involved.
Im not gonna sit there and cop it because, yes, I did wrong, but I wasnt the only one. I was taught how to do it, Mr Vrettakos said during a recorded interview with the bank’s group security department obtained by The Age.
If we want to talk seriously, there is a hundred witnesses for stuff that was being done, and stuff that was being consumed, stuff that was being drunk, stuff that was being snorted.
‘High standards of personal integrity’
The bank did not report the scam to police or regulators. Mr Vrettakos was instead sacked and offered a confidential settlement deal that required him to pay back up…
Read the full article at: https://www.smh.com.au/business/banking-and-finance/cocaine-girls-million-dollar-fraud-what-the-commonwealth-bank-lender-did-next-20180511-p4zeqt.html
