Leaked settlement deeds reveal just how far ANZ bank had to go to end one of Australia’s most high-profile court claims stemming from a spectacular corporate receivership.
High-profile Perth entrepreneurs Pankaj and Radhika Oswal extracted $169 million from ANZ in the 2016 settlement, according to documents leaked from Cypriot firms, which also reveal the bank helped pay their outstanding taxes. It ended a legal dispute that had dragged on for years and run into billions of dollars.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
