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NAB staff took cash bribes to ’smash targets’

National Australia Bank employees in greater western Sydney were accepting cash bribes over the counter in white envelopes to facilitate loans they knew were based on fake documents in order to smash targets and collect bonuses.

NAB staff took cash bribes to ’smash targets’
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The bank’s program of sales incentives has been forensically dissected by the Hayne royal commission on the first day of public hearings where it revealed instances of fraud, bribery, forged signatures and manipulation of incentive programs to trigger payments.

Read the full article on the Australian Financial Review.

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