Page 2 - Michael Ormaechea News Today

Case that’s cost an estimated $20 million is headed for a six-month jury trial, with a lot riding on it, including the reputations of leading public figures.

With the prosecution now on its ninth indictment since 2018 and a six-month jury trial likely to be pushed out to 2021, it is surely time to bury this mess.

The criminal cartel case brought by the ACCC against several huge banks continued as a sophisticated game of snakes and ladders in the Federal Court.

The Commonwealth Director of Public Prosecutions dropped charges against ANZ and an executive for their alleged involvement in a criminal cartel case.

Australian prosecutors dropped criminal charges against the former local head of Citigroup Inc (C.N) and narrowed their case against the bank and other firms and executives over accusations of collusion on a 2015 share sale, a court heard on Wednesday.

Banking cartel case trial delayed by more than a year Save Share Landmark criminal cartel charges against a group of Australia’s biggest investment banks will not go to trial for more than a year amid complaints from the defence that the indictment from the Commonwealth prosecutor was “almost incomprehensible” and contained “fundamental defects”. The banks levelled the claims in Monday’s Federal Court hearing of the long-running criminal cartel case, in which ANZ, ...

ANZ, Citi and Deutsche bankers face criminal charges in cartel case We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement ANZ senior executive Richard Moscati is one of six high-profile bankers to be formally charged with a combined 29 criminal offences over allegedly forming a cartel to manipulate the big four bank’s share price in 2015. Citigroup Global Markets Australia and Deutsche Bank AG are also facing a combined 12 crimina...

ANZ Bank cartel trial slated for 2022, judge slams delays We’re sorry, this service is currently unavailable. Please try again later. Dismiss ANZ Bank cartel trial slated for 2022, judge slams delays Normal text size Advertisement A trial for the cartel case involving big four bank ANZ has been slated for 2022 after Federal Court Justice Michael Wigney slammed the competition regulator and banks for delays. "These charges have been hanging over the heads of these individuals but also major co...