* The partners borrowed $17,860,000 plus $2,074,392 on equity of $ 860,000 = ratio 23:1 * Business turns sour bank writes off $4,500,000 now business worth $5,900,000 will bank write off extra $4,400,000? Making a total write-off of $8,900,000 + default * Interest without liquidation??? Yes. * Now the Prime Ministerial pig farmer wants piggery extensions (we know he loves extensions; remember the $250,000 car port ??) * Projected extension costs $44,000,000 which bank could lend him $44 million on such a proven track record you guessed it! * Muirhead finds fraud. Muirhead asks the question about the bank's dealings with the piggery! Muirhead's head rolls! As do others. * Why not his (Paul Keating's)? * Which bank ???! You guessed it - Commonwealth Bank of Australia. * White knight Danpork bails out partners and acquires a foothold in the Australian pig industry. * Today foreign owned Danpork is squeezing out Australian pig farmers in Queensland.
