- how do you know what your relative saw?
Indeed.
She made the repayments for some time. Nobody from the brokers or bank asked her how she proposed to repay the loan. The file from the bank confirms that. The bank wrote her salary of over 160k would repay the loan. It was on internal bank documentation. When signing documentation in front of a solicitor there was no mention in the documentation of how the loan was to be repaid, just that it was to be repaid. What lie did she sign?
But if a banker or broker deceived others ( their managers or shareholders or whoever ) and changed figures dramatically in order to make a sale and get commission or a bonus or reach a target or whatever, you do not think such suspicious activity should be investigated, let alone any culprits jailed?
As said earlier, I think for peace of mind it should be reported, it was the borrowers wishes and it may help stop history repeating itself. The Gardai can decide to investigate or not. Thank you.
Priority? I am sure the Gardai are more than capable of working on more than one case. In any case, when the detective I want to speak to comes back from leave, I will ask him.
The level of deception and alteration of documentation meant it was not just a risky loan, it was totally unsustainable which would end in tears for both the borrower and others - as did happen. The taxpayer, as well as shareholders who lost out as a result of banks behaviour, deserve to know how widespread such behaviour was in the banks, and there is widespread support among the general public to have those suspected of white collar fraud investigated and punished. I am sure some bankers would not agree.
Correct.
But, you've already said the bank got their money back? Why would the taxpayer or shareholders care about this case?
Because as pointed out to you already:
Pinoy above is correct. If some or some people in the banking system deceived others ( higher management, shareholders, whoever ) for their personal, selfish short sighted gain ( commission, bonus, reaching target or whatever ) and benefited by say €5,000, and done that 20 times, that is 100k. Why should they be allowed get away with that? People have gone to jail for less. The behaviour of reckless elements in the banks did end up costing the taxpayer and shareholders dearly. Also, in this particular case the insurance company would probably not have had to pay out if the bank had acted honestly and properly. There is no such thing as a victimless crime.
With all due respect, the demographic of askaboutmoney posters is not representative of the general population..
Do you mind sharing exactly what kind of insurance policy was involved, that paid out a shortfall after the property was sold?
That was between the deceased borrower, the insurance company and the bank. Not really relevant to the original question.
And here go once again you deciding to ask our advice, ignoring our advice, telling us that we don't represent the general population because we don't agree with you and any time any one of us ask you a pertinent question you dismiss us. Why on earth did you come on here at all. I'm convinced your relative was up to all sorts to get the money.
It was "normal" in the 1990's for this. Some Solicitors would know who you would go to.
You may be surprised.
All in good time.
Nobody asked you to be convinced. However a banker who changes figures on bank documentation by over €120,000, and who may gain as a result ( bonus, commission, promotion, meeting target? ) needs to be investigated. Especially when the bank, very suspiciously, will not explain it. You may not think white collar fiddling of the figures is fraud or is a crime, or tax evasion such as the bank employee who Pugmister admits takes €2500 for himself on a regular basis etc. You may not think it needs to be investigated and those guilty ( if any ) punished, but 89 to 90% of the public do.