November 22, 2007, Herald Sun
National Australia Bank's hunt for Indians:
MORE than 200 Indians who may have fraudulently secured residency through a scheme that allegedly defrauded the National Australia Bank may be deported.Business Spectator:
The alleged scam was uncovered after the bank found discrepancies in loans issued by a now-suspended manager.
The Australian Federal Police has been called in to investigate as the bank tries to recoup $22.7 million it fears may be lost.
Documents lodged in the Federal Court allege ex-Moorabbin East business banking centre manager Akshay Batra admitted to the bank he provided 227 $100,000 loans to Indians so they could get a general skilled migration visa.
The Indians allegedly used the loans to buy government-issued bonds, which, until recent changes, earned them five points towards the 100 that were required to get the visa ...
Mr Batra is believed to be living in India.
Judge Mark Weinberg told NAB's counsel Robert Strong in court on Monday that the bank should have alerted the Australian Federal Police to the matter of $22.7 million being illegally withdrawn by an employee to enable 227 Indian nationals to obtain residency visas.Department of Immigration & Citizenship
"The bank is not showing very much indication that it takes this seriously," Judge Weinberg told Mr Strong.
"We are talking about a major migration scam."
Akshay Batra, a business banking centre manager in suburban Melbourne who also was a registered migration agent, worked with a West Footscray-based mortgage broker Rajesh Narad to conduct the scam.
Mr Narad advised 227 Indian nationals he could help them complete their residency requirements for a general skilled migration visa by showing $100,000 worth of savings in government bonds, a provision scrapped in September.
Mr Batra issued fraudulent loans to purchase the bonds, which are now effectively owned by the bank, the Review said ...
Qualified Education Agent Counsellors:
Mr Akshay BatraTMZ Group, New Delhi - Company Profile:
Director, TMZ Group Pty Ltd
Qualified: 24 Oct 2007
QEAC number: C236
There are different types of visa like business visa, travel visa, short term visa, permanent visa etc. Many times, people applying for visas are ignorant about the thin lines about different visas and some are even totally ignorant about the visa rules and regulations. Consequently, their applications for visa get rejected, leaving them dejected. TMZ Migration & Visa is the kind of organization for such people and also for others, who are aware of the rules but need assistance.Visas for those "who are aware of the rules but need assistance."