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Westpac says loan fraud whistleblower got bigger bonus, not cast out

Max Mason

Westpac says it proposed increasing the bonus of a risk executive who flagged fraud issues with mortgage broker subsidiary RAMS Home Loans, contrary to her claims that she lost money and was cast out as a troublemaker.

Westpac increased Samantha Aitken’s bonus by 25 per cent in 2023, something that was first proposed by former consumer and business banking head Chris de Bruin, according to documents filed by the bank with the Federal Court.

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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

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    Original URL: https://www.afr.com/companies/financial-services/westpac-says-loan-fraud-whistleblower-got-bigger-bonus-not-cast-out-20250408-p5lq6p