Banking cartel prosecutions discontinued

On 11 February 2022, the Commonwealth Director of Public Prosecutions Ms Sarah McNaughton SC announced her decision to decline to proceed further in the criminal prosecutions of Citigroup Global Markets Australia Pty Limited, Deutsche Bank AG and four senior banking executives for cartel offences arising from an ANZ institutional share placement in August 2015.

These prosecutions commenced in June 2018 following an investigation by the ACCC and a referral of a brief of evidence to the CDPP.