The Australian Commonwealth Director of Public Prosecutions withdraws criminal cartel charges against 2 banks and 4 senior executives arising from a third bank’s institutional share placement (ANZ / Citigroup / Deutsche Bank)

CDPP withdraws charges in bank criminal cartel case* The Commonwealth Director of Public Prosecutions (CDPP) has today withdrawn charges against Citigroup Global Markets Australia Pty Limited (Citigroup), Deutsche Bank AG and four senior banking executives in relation to criminal cartel allegations arising from an ANZ institutional share placement in August 2015. This decision was made in accordance with the Prosecution Policy of the Commonwealth. The charges involved alleged cartel arrangements relating to trading in ANZ

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Australian Competition Authority, The Australian Commonwealth Director of Public Prosecutions withdraws criminal cartel charges against 2 banks and 4 senior executives arising from a third bank’s institutional share placement (ANZ / Citigroup / Deutsche Bank), 11 February 2022, e-Competitions February 2022, Art. N° 105195

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