The Australian Commonwealth Director of Public Prosecutions walks away from a high-profile criminal case in the financial services sector which involves allegations of serious defects in the investigation conducted by the Competition Authority (ANZ / Citigroup / Deutsche Bank)

Zaurrini, Ross

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11 Feb 2022

The Australian Commonwealth Director of Public Prosecutions walks away from a high-profile criminal case in the financial services sector which involves allegations of serious defects in the investigation conducted by the Competition Authority (ANZ / Citigroup / Deutsche Bank)

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Reference

Australian Competition Authority, ANZ / Citigroup / Deutsche Bank, Press Release, 11 February 2022

The Commonwealth Director of Public Prosecutions ("CDPP") has sensationally walked away from the highest profile criminal case in the financial services sector in recent memory after three and a half years of vigorous court battles. The prosecution's case had been mired in allegations of serious defects in the investigation conducted by the Australian Competition and Consumer Commission ("ACCC"). Key takeaways The CDPP has abandoned the high profile banking cartel prosecution only months before the case was due to be tried before a jury. While the CDPP is not required to provide reasons for its decision, the accused had repeatedly raised questions regarding deficiencies in the criminal investigation that preceded the laying of criminal charges. The collapse of this prosecution should

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Author

Ross Zaurrini
Ashurst (Sydney)

Australia 17 contributions 2246 visits

Quotation

Ross Zaurrini, The Australian Commonwealth Director of Public Prosecutions walks away from a high-profile criminal case in the financial services sector which involves allegations of serious defects in the investigation conducted by the Competition Authority (ANZ / Citigroup / Deutsche Bank), 11 February 2022, e-Competitions Criminal sanctions, Art. N° 105526

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