ANZ, Deustche Bank and Citigroup will be hit with criminal charges over an alleged cartel involving the institutional equity placement of ANZ shares that raised $2.5 billion in capital.
Australia’s corporate regulator has brought fraud charges against the former director of failed internet company Freenet, alleging he took money from the company and used false invoices to conceal the theft.
The judge overseeing a Maurice Blackburn-led shareholder class action against Commonwealth Bank of Australia over allegedly lax anti-money laundering and anti-terrorism financing controls has struck out a portion of the statement of claim for “pleading deficiencies”.
The fraud case against Australian basketball great Shane Heal has been withdrawn after prosecutors’ could not get their US-based star witness to testify in time.
A Sydney-based IT consultant faces multiple charges of insider trading after illegally accessing stock information from a financial publisher, the Australian Securities and Investments Commission said Monday.
The former CEO of the lead contractor on the Snowy Hydro 2.0 project now facing corruption charges was the target of Australian Federal Police search warrants that were “too broad” to be sufficient, the Federal Court was told on Friday.