Australian investigators who brought criminal cartel charges against Citigroup Inc and Deutsche Bank AG "pre-populated" a witness statement with incriminating claims before interviewing the person who ultimately signed off on them, a court heard on Friday.
Investigators wrote a statement which appeared to show a rival banker's concern about"inappropriate" co-ordination between the companies while they were working on a stock issue, then interviewed the witness and the passages re-appeared the witness's final signed statement, the court heard.
The matter is being closely watched by financial market participants around the world because it could influence how capital raisings are conducted.
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