Macquarie Bank Claims They Are Not Dodgy After Scam Exposed

X

Macquarie Bank has defended itself against claims by ACCC chairman Graeme Samuel and ABC-TV that it had sided with telephony industry “rogues” in pursuing hundreds of small Australian businesses through the courts over contracts claimed to have been misleading and in some cases illegal.

The issues received a new airing in Monday night’s Four Corners on ABC-TV.

The small business owners claim they were tricked by purveyors of so-called “telephony bundle” deals into paying outlandish prices for televisions, phones and laptops, which they had been told were included free in their contracts. The companies that sold them the contracts later went out of business – but the contracts in many cases were taken up by finance companies including Macquarie Bank and pursued through the courts.

A spokeswoman for Macquarie Group said the firm had co-operated with the ACCC’s investigations and denied its behaviour was questionable. “The total outstanding value of equipment in dispute is approximately $1 million, with the average claim of approximately $19,000,” she said.

“In all cases in dispute, customers have ceased making rental payments and refused requests to return equipment to Macquarie.”

Graeme Samuel – a former MacBank executive – told Four Corners MacBank’s attitude had been a source of great disappointment. He warned businesses against signing any telephony-bundle contract.
Stormaudio package 728x90 1 Macquarie Bank Claims They Are Not Dodgy After Scam Exposed
Olimpia Splendid Unico Cooling 728x90 Macquarie Bank Claims They Are Not Dodgy After Scam Exposed
BW HT Upgrade 728x90 1 Macquarie Bank Claims They Are Not Dodgy After Scam Exposed
728x90 Macquarie Bank Claims They Are Not Dodgy After Scam Exposed
audiopro 728x90 2 Macquarie Bank Claims They Are Not Dodgy After Scam Exposed
Versa3 Leaderboard 728x90 Macquarie Bank Claims They Are Not Dodgy After Scam Exposed
en us WD Black Banners Portfolio 728x90 Macquarie Bank Claims They Are Not Dodgy After Scam Exposed
LB 728x90 Macquarie Bank Claims They Are Not Dodgy After Scam Exposed
PAN1992 MWO Banners LB 728x90px V2 Macquarie Bank Claims They Are Not Dodgy After Scam Exposed
2231 NEXUS 4SQM Digital Banner Ads Leaderboard 728x90 Macquarie Bank Claims They Are Not Dodgy After Scam Exposed


YOU MAY ALSO LIKE