ANZ has expressed approval of the Commonwealth Director of Public Prosecutions' decision to cease legal proceedings against both the bank and Rick Moscati. These proceedings pertained to an indictment filed on August 16, 2021.
The charges involved an institutional equity placement from 2015 and alleged agreements between joint lead managers regarding ANZ share distribution.
Kevin Corbally, ANZ's Chief Risk Officer, stated: “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."
ANZ has decided not to provide additional comments on this issue.