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…
-
Noosa News18 hours agoGreen is the new black
-
Noosa News14 hours agoIan McLeod, 95, powering his farm ute and house on waste vegetable oil
-
Noosa News15 hours agoHonouring James Ackerman and his legacy, 10 years after a rugby league tragedy
-
Noosa News13 hours agoBus driver bashed in South Brisbane