The gears started moving last week in the competition regulator’s titanic criminal cartel case when a judge in Adelaide ordered that so-far confidential, unredacted copies of five-year-old statements by JPMorgan executives be handed to him on Monday.
These statements were taken from JPMorgan managers, traders and executives shortly after a now-infamous $2.5 billion ANZ capital raising in August 2015 that fell short, leaving $800 million of shares in the hands of the underwriters: JPMorgan, Deutsche Bank and Citigroup.
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Pamela Williams is The Australian Financial Review’s writer-at-large.
She is an investigative reporter and author, and has won six Walkley
Awards and the Graham Perkin Journalist of the Year Award. Email Pamela at pamela.williams@afr.com.au
