Banks risk scandal over developments.

Byline: Ian Fife

Banks risk scandal over developments You probably don't know you may have signed away your rights to your bank when you got a home loan on a sectional title property. If your property has problems, your bank may not have told you it had handed those rights to a company run by Justin Mason.

He apparently persuaded them to hand those rights to him so he could help rehabilitate dysfunctional sectional title buildings. Using the owners' voting rights that had been ceded to the banks, he has been able to take control of trustee committees.

But his companies Voyager and Waverley also borrowed money from Standard Bank and Nedbank to lend …