Staff at Australia 's Commonwealth Bank allegedly knew about a fraud scheme worth AUD 78 m ( $ 56 m ) for two years before alerting authorities . William Jordanou and Robert Zaia are accused of faking documents to borrow millions of dollars for several business developments that never got off the ground . Staff at the bank received secret commissions for their role in the alleged fraud , which was uncovered by its management . Jordanou and Zaia have been charged with nearly 100 fraud and deception offences and are due to face court in February 2018 . Commonwealth Bank has declined to comment .
Employees at Australia's Commonwealth Bank allegedly knew about a fraud scheme worth AUD 78m ($56m) for five years before alerting authorities. William Jordanou 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 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.