The Farmers Club Podcast
A podcast for anyone interested in the business of Farming. Our aim is to bring stories and valuable information to the surface so that you can take bits and pieces away to maybe use yourself.
The Farmers Club Podcast
Episode 20 - The Megafert Scandal
Donald Carter has spent 15 years of his life pursuing justice. What was originally a major deception or maybe even corruption by the Megafert/Interfert companies, resulted in $139 million going missing, never to be recovered. They soon realised that pursuing Megafart was futile, so they turned their attention to the National Australia Bank.
The NAB potentially deceived the 22 Fertiliser retailers, who collectively lost 13 million in this scandal. Some businesses went bankrupt, and some people never recovered.
The NAB admitted guilt by paying 17.5 cents in the dollar to these 22 Fertiliser retailers but refused to pay the balance. The bank just kept on sweeping it under the carpet and still is.
Donald, at the ripe old age of 85, is still actively seeking to regain the losses he and his contemporaries suffered. This is one great example of David vs Goliath, with Goliath treating David with contempt.
It's a very fascinating story that's never really ended. We've titled it the Megafert Scandal.
I hope you enjoy. End of message
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