When an employee of non-bank lender Oak Capital was chased through the lobby of the Rialto in Melbourne’s CBD by a TV reporter 18 months ago and cornered in a women’s toilet cubicle, it was seen as tabloid media behaving badly.
But now Oak Capital Wholesale Fund, which lends to businesses and individuals using real estate as collateral, is in liquidation, a legal case against it from the corporate regulator is frozen, and the employee who worked in the company’s lending operation and at the centre of the foot chase, Mo Ahmed, is accused of being a bankrupt.