Business
Macquarie accused of buying company to kill extortion allegations – Sydney Morning Herald
A court case shines a light on the cut and thrust world of debt deals and Macquarie’s aggressive push to build market share.
The bank has strenuously denied these allegations and was seeking to have the case dismissed before the transaction was struck.
The man who was driving the case brought by Vantage, Vic Ferreira, has now been sacked by the new ownership group and an independent panel is reviewing the case “due to the affiliation between the new owner and Macquarie”. The court has stayed the matter until the review is complete.
New York-based Vantage and its owners Big Apple and Clear Choice provide financing to…
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