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ASIC charges Vaughan Bowen with insider trading, again

Max Mason and Lucas Baird
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The corporate regulator and ex-Vocus chairman Vaughan Bowen are set to lock horns again over allegations of insider trading relating to the sale of Vocus shares in 2019, which were potentially worth $25.7 million.

The Commonwealth Director of Public Prosecutions (CDPP) indicted Mr Bowen on Wednesday with two insider trading charges. It comes after Mr Bowen was originally charged in September 2021, but then discharged by the Melbourne Magistrates’ Court last December following a contested committal hearing, where it was determined there was insufficient evidence for the case to proceed.

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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
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    Original URL: https://www.afr.com/companies/telecommunications/asic-charges-vaughan-bowen-with-insider-trading-again-20230512-p5d7zb