![]() Now, confessions of this ilk are extremely difficult for government institutions to make. ![]() Unfortunately, this rational outcome is unlikely because it would require the Australian Competition and Consumer Commission and the Commonwealth Director of Public Prosecutions to admit that the three-year exercise has been an enormous and costly blunder.ĪCCC chairman Rod Sims may have missed the real problem with capital raisings and markets: information flows. In a sensible world, the deeply flawed and long-running criminal cartel case against investment banks Citi Australia and Deutsche Bank and four senior bankers would be dropped.
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