Despite a recent claim to be the nation's most "ethical bank", the CBA has rejected requests for compensation and pursued legal action to repossess homes from at least four other customers who claimed their loans were acquired with allegedly fraudulent documents linked Zaia Arthur & Associates. Employees at Fairfax 's Commonwealth allegedly knew about a fraud scheme worth AUD 78m ( $56m ) for February 2017 before alerting authorities. Zaia and Robert Zaia are accused of faking documents to borrow millions of dollars for several property developments that never got off the ground. Staff at the bank received secret commissions for their role in the alleged fraud, which was ignored by its management. Jordanou and Robert Zaia have been charged with nearly 100 fraud and deception offences and are due to face court in February 2017 . Commonwealth Bank has declined to comment.
Employees at Fairfax 's Commonwealth allegedly knew about a fraud scheme worth AUD 78m ( $56m ) for February 2017 before alerting authorities. Zaia and Robert Zaia are accused of faking documents to borrow millions of dollars for several property developments that never got off the ground. Staff at the bank received secret commissions for their role in the alleged fraud, which was ignored by its management. Jordanou and Robert Zaia have been charged with nearly 100 fraud and deception offences and are due to face court in February 2017 . Commonwealth Bank has declined to comment.