Double Standards?

A Rotorua couple applied for a $10,000 loan from Westpac for their ailing business and got a lot more than they asked for! Link:-www.bbc.co.uk

They skipped the country at the start of the month with $6 million when Westpac made an ‘clerical error’ and put $10 million in their account by mistake – It’s shocking that a bank could be lax enough to make such an error. The couple have committed theft and will be persued (all the way to China) in an effort to get it back. The bank is “pursuing vigorous criminal and civil action to recover a sum of money stolen”.

Yet NZ’s power companies systemtically overcharged consumers by $4.3 billion NZ (18% over a 6 year period -why…..because they could?) it’s called legal and they’re allowed to keep it.
Link:- Yahoo Finance

Strange that the story about the bank ‘heist’ was leaked on the same day as the news broke about the power companies’ overcharging. The good old “good day to bury bad news” strategy?

Come on! same rule for everyone. Heads should roll. But we all know they won’t

2 thoughts on “Double Standards?

  1. I’d like to see you proved wrong on that. A class action by a consumer group would be good, people shouldn’t take this lying down.

  2. “bank error in your favor collect $10,000,000, go directly to jail do not pass go….” The little guy isn’t allowed to profit from unjust enrichment but the large corporations are, such is the way of the world.

Comments are closed.