Commonwealth Bank Fraud Case Study

Improved Essays
The Commonwealth Bank has discredited by putting their thousands of customers money in to risky investments and the royal commission has accused their fraud, while they trying to cover it up. A senate committee also recommended the judicial inquiry as part of its report of the behavior of Australian Securities and Investment Commission (ASIC), that they appears to miss or ignore the early warning signs of Commonwealth Bank action and did not pay sufficient attention to that place the customers and investors at great risk.

The group of Planner, a subsidiary of Commonwealth Bank (CBA) that working for Commonwealth Financial Planning (CEPL) has accused for this fraud without even permission of customers and also accused of forging documents and

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