- Macquarie rebuts 7.30 report on loan fraud
14 September 2012 6:45amMacquarie Bank said the report by the ABC's 7.30 current affairs program on Wednesday – dealing with the alleged coaching of a financial adviser to fraudulently submit a home loan application – was deliberately misleading and inaccurate. Banking Day abstracted 7.30's transcript of the broadcast yesterday.
The bank said 7.30 did not put key allegations to Macquarie, nor was it was afforded a right of response to the allegations that comprised the majority of the report.
Macquarie said its integrity office investigated the complaint in 2010 "in detail [and] found no evidence" that supported the claims "and in fact found evidence which contradicted" the complaint.
The bank said it will be lodging a formal complaint with the ABC about breaches of its editorial policies.