Criminal cartel charges laid against ANZ

ACCC media release1 June 2018

Following an announcement made by ANZ to the ASX this morning regarding anticipated criminal cartel charges, the ACCC confirms that criminal cartel charges are expected to be laid by the Commonwealth Director of Public Prosecutions (CDPP) against ANZ, ANZ Group Treasurer Rick Moscati, two other companies and a number of other individuals.  These charges will be laid following an investigation by the ACCC.

“The charges will involve alleged cartel arrangements relating to trading in ANZ shares following an ANZ institutional share placement in August 2015,” ACCC Chairman Rod Sims said.

“It will be alleged that ANZ and the individuals were knowingly concerned in some or all of the conduct.”

The ACCC will not make any further comment until charges are laid.