The National Australia Bank is embroiled in an attempt to recoup $43 million lent to a petrol station and fuel transportation business that was run by two brothers who were allegedly associated with the Rebels bikie gang.
The bank has been scrambling since March to recover loans it made to Xpress Group amid claims of fraud and mismanagement, with its receivers forced to bring in police to recover dozens of vehicles and tankers allegedly stolen from the business.
Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
