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The banker and the consulting firm, or how to rob the bank

The banker and the consulting firm, or how to rob the bank
Does the Bank of Greece and its idle, highly-paid directors conduct any audits, or are they simply sleeping on the job... or ignoring it altogether?

A banker is simultaneously a member and shareholder in a consulting firm. For a loan to be approved for a business, a business plan must be prepared. Before the company submits its documents to enter into a loan agreement, the banker sends the prospective client to said firm to draft the business plan. By coincidence, the banker is also a shareholder in the consulting company. A lot is being said. and revelations from BN are on the way.
Do the majority shareholders know about these tricks? Does the Bank of Greece and its idle, highly-paid Bank of Greece directors conduct any audits, or are they simply sleeping on the job... or ignoring it altogether?

www.bankingnews.gr

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