GP approached me wanting loans: patient

A motor accident victim suffering a depressive disorder says his doctor asked him for a series of loans totalling hundreds of thousands of dollars.

The 34-year-old patient alleges Melbourne GP Dr Anthony Diamantaras - his treating doctor and friend - had approached him for a series of loans for a company of which he was director and shareholder.

Dr Diamantaras is appearing at the Medical Practitioners Board of Victoria at a hearing into his professional conduct.

He has pleaded guilty to two charges of unprofessional conduct but not guilty to a charge of professional misconduct.

Giving evidence on Wednesday at the inquiry, the patient said he was approached firstly by his pharmacist, then the doctor about loaning money to their company, Cynosura Investments, in return for a seven per cent cash interest rate.

The patient said he was approached after the doctor and pharmacist became aware of his compensation payout of up to $800,000 which he received after a motor accident in 1992 which left him with serious physical and psychological injuries.

"Dr Diamantaras approached me at my house and he asked me what I thought of the idea," the patient told the hearing.

The patient said the doctor had told him it would mean the company could borrow funds over a short time without having to go through a banking process.

The hearing continues.