Business
ANZ bank and execs face criminal charges – The Motley Fool Australia
ANZ, Citigroup and Deutsche Bank could be fined 10% of their annual turnover, while the individuals face 10 years’ jail if found guilty.
Australia and New Zealand Banking Grp Ltd (ASX: ANZ), Citigroup Global Markets Australia Pty Limited and Deutsche Bank AG (ETR: DBK) and 6 of their executives have been committed to stand trial.
The banks plus John McLean, Rick Moscati, Michael Ormaechea, Michael Richardson, Stephen Roberts and Itay Tuchman face criminal charges of running a cartel.
NSW Local Court in Sydney on Tuesday committed the case to a trial in the Federal Court.
The allegations include making arrangements to run a cartel…
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