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)

Competition Authority, Australian

Previous article The US DoJ and FBI announce an initiative to deter, detect and prosecute those who would exploit supply chain disruptions to engage in collusive conduct Next article 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 Feb 2022

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)

KEYWORDS

Reference

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

CDPP withdraws charges in bank criminal cartel case* The Commonwealth Director of Public Prosecutions (CDPP) has today withdrawn charges against Citigroup Global Markets Australia Pty Limited (Citigroup), Deutsche Bank AG and four senior banking executives in relation to criminal cartel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

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

PDF Version

Author

Australian Competition Authority
Australian Competition and Consumer Commission (Canberra)

Australia 358 contributions 75905 visits

Quotation

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 Criminal sanctions, Art. N° 105195

Visites 368