A judge has reprimanded the Commonwealth Bank for it’s mediation process in which a drought-stricken family was forced to leave their farm in Forbes NSW, after 70 years on the property.
The Fuge family’s counsel, Peter King, accused the bank of using fictitious valuations that resulted in irresponsible lending, and giving the family just six weeks to sell their farm.
Federal Court judge Michael Lee said it was a “tragedy [to have] reached this stage.”