A court report in The Age provides another glimpse of the operational defects at Bendigo and Adelaide Bank that allowed certain directors of their client, Australian Motor Finance, to scamper with $20 million extracted by producing false car loans.The bank appointed receivers to AMF earlier this year.According to the newspaper's account the receivers allege that AMF's directors, Denis Angeleri, Ian Brindley and Michael O'Brien, defrauded the bank by engineering fictitious loans.The court has previously heard that the loans were bogus, and that the cars cited in AMF's finance applications either did not exist or were falsely recorded as other vehicles, and that the millions of dollars AMF drew down from the bank were distributed into many other bank accounts, The Age reported.The Federal Court in Melbourne ordered judgment for $2.2 million against Water Recycling, a firm controlled by Angeleri.