ANZ today welcomed the decision by the Commonwealth Director of Public Prosecutions to discontinue proceedings against both ANZ and Rick Moscati in relation to all counts on the indictment filed 16 August 2021.
The indictment involved an institutional equity placement in 2015 and an arrangement or understanding allegedly made between joint lead managers in relation to the supply of ANZ shares.
ANZ Chief Risk Officer Kevin Corbally said: "We maintained all along ANZ acted in accordance with the law in relation to the placement. We defended the bank and Rick on that basis and we are pleased the matter is now behind us."
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