But Ray Johnson says he’s disappointed it took intervention from The New Zealand Herald for Westpac to have a change of heart, after earlier refusing to reimburse the retired wool grader for the missing cash.
“I think that made a hell of a lot of difference because they were refusing, refusing, refusing. It took publicity.”
A banking expert believes Westpac has likely breached the Code of Banking Practice and says Johnson could now have a claim for damages.
“It absolutely would be stressful for him and causing him a lot of concern, and it really was unnecessary,” Massey University banking expert Associate Professor Claire Matthews said.
Johnson (71) discovered the money had been siphoned from his…