Australia investigators in Citi cartel case pre-wrote witness claims, court hears

  • 📰 Reuters
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 97%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

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.

) “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 banks and their former staffers are charged with colluding during a A$2.5 billion 2015 stock issue to withhold unsold shares and keep the stock from falling. Their client, Australia and New Zealand Banking Group Ltd , is also defending the case.

Leah Won, the Australian Competition and Consumer Commission’s general manager of financial services competition, was asked about a draft witness statement the regulator wrote for an employee of JPMorgan Chase & Co , which also worked on the share issue but cooperated with prosecutors for immunity.“No, I don’t think that we had,” Won replied.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amber was 'smothered, slapped & suffocated' in 'violent night' with Johnny DeppAmber Heard has returned to London's High court for her third day giving evidence as part of Johnny Depp's libel case against News Group Newspaper More than likely she done it to him. JusticeForJohhnyDepp She alleges seriously get your headlines right. No wonder he is suing. She's a con artist...Depp is an asshole. They deserve each other.
Source: Mirror Celeb - 🏆 476. / 51 Read more »