By Louise Cheer Michael Murphy received at least 10 calls from a Commonwealth Bank representative who was offering him money not to do an interview with A Current Affair A Commonwealth Bank subsidiary has been accused of trying to prevent a victim of its financial advice scandal from speaking out by allegedly offering him money to keep quiet. Michael Murphy had agreed to an interview with Channel Nine's A Current Affair two weeks ago to tell all about his ordeal, when the bank's subsidiary lost tens of thousands of dollars of his life savings by investing it in high-risk products.
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Michael Murphy, 79, agreed to go on A Current Affair two weeks ago
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But out of the blue, a Financial Wisdom representative called him up
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Financial Wisdom is a subsidiary owned by Commonwealth Bank
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About 10 calls were exchanged between Mr Murphy and the representative
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Some of the conversations were recorded by Financial Wisdom
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The senior claims the woman asked him 'How much would it take to withdraw from ACA?'
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But the bank has denied they had offered to pay Mr Murphy for his silence
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A CBA spokesperson said the allegations were 'purely fanciful'
Mr Murphy invested $125,000 with @placeholder - but later found out that amount had dwindled to $9,000.