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Sante and Rita Troiani - Queensland - National Australia Bank

Thu, 06/21/2007 - 22:52 — Arthur Cristian
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Note: We are waiting for a copy of the full story to publish, so in the meantime we have cut and pasted information from a letter by Dr Evan Jones to ACCC and an article by South Australia's Channel 7 Today Tonight Program.

Dr Evan Jones

The common variety bank malpractice was also alive and well in the 1980s. Indeed, it was the cumulation of individual cases brought to the attention of the then Democrat Senator Paul McLean that led him to champion the cause of bank victims in Parliament. Then, as now, Parliament was little interested.

The publicly-owned Commonwealth Bank figured prominently in the cases brought to the attention of Senator McLean. These days, the National Australia Bank has the distinction of topping the malpractice tables, by a considerable margin.

Channel 7's Today Tonight program ran an episode on the 5th April 2006 dealing with three NAB casualties. The program was put together by Today Tonight's Adelaide producer, Frank Pangallo, after he was approached by a South Australian builder against whom NAB had reneged on an insurance contract after an injury to the builder. Pangallo sensed an injustice, and used a program that has a reputation for trivia to handle an issue that is neglected by more respectable outlets.

The program went to air in April, but only in South Australia. Curiously, the program did not go to air, as scheduled, in the other States, not least because the other two cases on the program emanated from Queensland. One of these cases was the McMinn child care centre case, documented in my dossier. Nothing that should concern us here, says your letter. Yet the McMinns received an offer of $1,700,000 for the centre, which the Bank prevented the McMinns from accepting, and the receiver/Bank subsequently sold the property for $1,180,000, leaving a residual debt that conveniently swallowed up the McMinn family home along the way. It is this kind of detail that should alert inquiring minds as to the nature of this conflict.

The third case on the Today Tonight program was that of the Troianis. Sante Troiani ran a highly successful brick business out of Bundaberg, building up substantial business and property assets of many millions of dollars. The evidence points to not your garden variety malpractice but a strategic 'sting' operation (to use the expression of my collaborator John Salmon), in which the NAB induced Troiani to shift his business to the NAB (in late 1993), after which Troiani's business was systematically defrauded.

Belatedly, the April 2006 Today Tonight program, albeit edited, appeared in the Eastern States and Western Australia on 4 January of this year. In the ensuing couple of weeks, Pangallo was inundated with phone calls and emails from people who considered themselves victims of bank malpractice, all by NAB except for a Westpac case. The number is well over one hundred.

On the Today Tonight program, NAB executive Ahmed Fahour acknowledged that there were problems that needed attention. That mild contrition was not to last. The NAB had published in the Melbourne Age under Fahour's name on the 23 January a panegyric to the company, citing its brilliant socially aware contribution to community support. The NAB then wheeled out its public relations flak to pronounce that 'NAB has a very good relationship with millions of Australian customers and it is in the bank's interest to see those customers and their businesses succeed. On rare occasions businesses regrettably fail and disputes do sometimes arise, however, NAB works hard to resolve those situations to the satisfaction of all parties.' In short, pure spin. Business as usual.

The Commonwealth Bank is not to be outdone by the NAB's 'competitive advantage' in malpractice. Cases in the last ten years, some of which have dragged on until recently, include Muirhead in Queensland (primary producer), Cooke in Queensland (medical centres), Timms in New South Wales (negligent advice in business purchase) and Heinrich in South Australia (primary producer). Muirhead and Cooke shared the same corrupt lending manager. The CBA was particularly active in maltreatment of customers of its small business subsidiary Commonwealth Development Bank in the mid 1990s in the course of restructuring then closing down the CDB – Tratzea in New South Wales (horticulture) and Cassegrain in New South Wales (property development) are notable cases of transparent skullduggery.

Channel 7 Today Tonight
Banks
Reporter: Frank Pangallo
Broadcast Date: 6 Apr 2006

Corporate icons don't come any bigger than the NAB...a business worth 50 billion dollars...and for that reason. It wields enormous power and influence.

Right now, it’s re-inventing itself though a massive campaign costing millions of dollars. CEO Ahmed Fahour admits it was an organisation that had a bad culture within and had lost touch with its customers. But it seems the nab isn't doing much to atone for its terrible sins of the past which wrecked the lives of ordinary, hard-working Australians who had put their trust...and life savings.. in them.

Associate professor Evan Jones, an economist at Sydney University has documented many cases where the NAB stands accused in court and in parliament of acting... unconscionably...unethically...and corruptly.

Professor Jones says getting justice against banks is almost impossible because the courts and judges seem to give them an easy run.

We have investigated three cases where the NAB has sent former valued and independently wealthy customers to the wall, leaving them penniless and dependent on welfare...but still fighting for some justice.

Their stories will shake your confidence in the fairness of our court system with extremely serious allegations about the bank's practices and conduct.

Sante Troiani wasn't even an NAB customer when he collected the bank's major ethnic business award in 1993 life couldn't have been any better then for the uneducated Italian immigrant made good his brick business was booming and he was worth one hundred million dollars. The award was the sweetener the bank needed to win him over and it worked.

The NAB gave him vast sums of credit but within six years the bank took him to the cleaners, convincing Queensland’s Chief Justice Paul De Jersey that Mr. Troiani had defaulted on his loans and breached his terms, much hinging on bank evidence that wasn't challenged, according to Col Walker who's helping the Troianis.

‘You have to ask yourself what the onus of proof means anymore,” says Walker.
The company, which had been valued at 80 million dollars, was soon sold off by receivers for less than four million dollars. Then they bankrupted Sante and his wife Rita.

Retired NAB manager turned investigator John Salmon says the Troiani case is the worst he has seen in 18 years of investigating banking malpractice. He believes the bank devised a sting operation to deliberately bring down Mr. Troiani’s business, an assertion denied by the bank.

Salmon has put together an intriguing paper trail, which reveals Mr. Troiani’s business was not insolvent and should never have been put into receivership. He has also uncovered evidence of a secret account-or shadow ledger kept by the bank where large sums of money were siphoned of and never accounted for.

Queensland MP Chris Foley has tabled hundreds of documents containing John Salmon's serious allegations of corrupt and deceitful conduct by the bank Mr. Foley and Col Walker are determined to see justice prevail for the Troanis.

In the meantime, millionaires-cum-paupers Sante and Rita live in hope in a rented house. They get by on a pension, selling flowers from a small plot of dirt they lease, a far cry from the life of luxury they once led in Bundaberg.

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Note: Updated Wednesday 17th June 2009 8.00pm Sydney Time. Love For Life does not support harm doing in any shape or form. However, we are supporters of free speech and post articles, documentaries, etc, that represent a wide cross section of ideas. See the Love For Life extensive research library where over 6000 documents, articles and videos are posted: http://loveforlife.com.au/issues. We clearly see the evidence of the destruction to MAN and the earth that has been caused by ALL religions over the centuries and are therefore not supporters of religions, cults, sects or any group that demands conformity of thought, speech or action, or has rules, regulations or rituals that must be followed. Religions, nationalities and cultural "identities" are formed as a result of the brainwashing we receive from childhood. They are part of the tactics the Establishment uses to keep us all divided from one another and fighting one another.

All religions promote discrimination and division, leading to hatred and even violence and murder. None of them have yet to produce a remedy to all the suffering, poverty, unhappiness and discrimination in the world. If any religion truly had the remedy to all the suffering on earth, there would no longer be any suffering. What have Christianity, Islam, Buddhism, Hinduism, Judaism, atheism and the New Age done to end the suffering in the world?

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We have been accused of being anti - Jewish because we had posted an excerpt from James von Brun's book: Kill the Best Gentiles! http://loveforlife.com.au/node/6054 in which he blames Jews for the problems of the world. Obviously this is not our view because of what we have stated above. We do not hate anyone, whatever religion they follow. We are always open to talk to any religious leader or politician and meet with any judge, member of the Bar, experts, academics, educators etc to share the remedy we offer that heals all the divisions between MAN and MAN, and MAN and the EARTH.

Today, a representative of the New South Wales Jewish Board of Deputies is threatening to close the website down, because they have decided it is anti - Jewish and that we promote racism. What has the New South Wales Jewish Board of Deputies done to end the suffering in the world? Can they show that they are concerned with the suffering of ALL men, women and children AND ARE SEEN TO BE DOING SOMETHING ABOUT IT or are they only concerned with Jewish affairs? If so, they, along with all the other religions that only care for their own, are part of the problem, not part of the solution. The man who rang Arthur today was only concerned with Jewish affairs; he was not interested in our intentions or in anybody else, just as most Christians, Muslims, Sikhs, Catholics, etc, are only interested in their own. While we separate ourselves into groups, dividing ourselves from others with rules, regulations, rituals, procedures and conditions, we will never solve our problems.

No matter what we in the Western World Civilisation of Commerce have been promised by our politicians, religious leaders, scientists, educators, philosophers, etc, for the past two hundred years, all we have seen is ever-increasing destruction of men, women and children and the earth. None of the so-called experts and leaders we have been taught to rely on are coming up with a solution and none of them are taking full-responsibility for the fact that they can't handle the problem. All religious books talk about end times full of destruction and suffering but why do we have to follow this program when there is an alternative to hatred, mayhem and death? Why are our leaders following the program of destruction and death rather than exploring the alternatives? It seems that any mainstream politician, priest or academic are only interested in supporting the RULES OF THE DIVIDE, that maintain the haves and the have nots. For 200+ years, 99% of the world population have been so trained to pass on their responsibility for themselves, others and the earth, that the 1% of the population that make up the leaders of the rest of us are making all the decisions leading to the destruction of all of us and the earth. Let's not forget the education system that brainwashes the 99% of the population that we are free and have equal rights while, in fact, we are feathering the nests of those at the top.

At the root of all our problems is self-centredness, an unwillingness nurtured by the Establishment that keeps us concerned only with our own needs rather than the needs of others around us and the Earth. Instead of creating and releasing acts of love for those around us as gifts to benefit them and the earth, we take, take and take, until there is nothing left. The whole point of the Love for Life website is to show people the root of all our problems and to share the remedy. The extensive research library is there to attract browsers and to provide access to information not available through mainstream channels. If the New South Wales Jewish Board of Deputies can, after careful examination of our work, prove that anything we are saying is wrong, we will be happy to accept their proof. If they cannot, and they are still insistent on closing the website down, they will be showing themselves to be traitors to MAN because they are not interested in pursuing any avenue that can end the suffering in the world.

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If we truly want peace on earth and freedom for all, we have to let go of all that which keeps us divided, and come together as MAN, conscious living co-creators of creation. The Love For Life website offers a remedy to the problems we all face in the form of DO NO HARM COMMUNITIES: http://loveforlife.com.au/node/3641 For more details see here: http://loveforlife.com.au/node/6511 and here: http://loveforlife.com.au/node/3385 - We also highly recommend that everyone read the brilliant Russian books called The Ringing Cedars: http://loveforlife.com.au/node/1125 - The Love For Life homepage/front-page also provides lots of inspiring remedy based information: http://loveforlife.com.au - If you want to be kept up to date with our work please register to the Love For Life mailing list here: http://loveforlife.com.au/campaign_list We usually send two postings per month. Presently there are over 5000 registrations reaching over 200,000 readers globally. The website now receives over 2 million strikes per month with June 2009 heading close to (or over) 3 million strikes.

Conscious Love Always
Arthur and Fiona Cristian
Love For Life
17th June 2009