A criminal cartel case against Australia and New Zealand Banking Group and the l...
FILE PHOTO: A pedestrian is reflected in the window of a branch of the Australia and New Zealand Banking Group in central Sydney, Australia, October 25, 2017. REUTERS/Steven Saphore
It was standing room only as lawyers crammed into a tiny courtroom in Sydney for the brief procedural hearing, setting dates in September when lawyers for the banks and bankers will press to be allowed to cross-examine prosecution witnesses. The government accuses the banks of forming a criminal cartel to either “directly or indirectly” restrict the supply of ANZ shares or maintain the price of ANZ shares, according to court documents.
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