LAST year when I asked NAB Special Banking Services head Geoff Green why the bank had assured me it did not recommend business advisor Mawson to the struggling Walton Construction when emails clearly showed me it had, he answered a mistake had been made.
It had also been a mistake the bank failed for five months to retrieve vehicles which it financed for Walton but were passed onto phoenix company Peloton which took over Waltons assets, projects, premises and staff when the company went into receivership in October 2013. By that stage the last of NABs $20million exposure to Walton had been retrieved by the bank.
Subcontractors and other creditors were left owed around $80million. A subsequent public inquiry saw, under oath, Walton sole di…
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