Deutsche Bank and Citibank are also facing criminal cartel charges in the ANZ shares case

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Deutsche Bank AG has been named as one of the other companies to be charged over alleged cartel behaviour involving a 2015 share placement at the ANZ bank.

The Australian Consumer and Competition Commission said Deutsche Bank, which has offices in Sydney, Melbourne and Perth and around 700 staff, is one of the two other companies against which charges are expected to be laid, along with a number of individuals.

The third is Citibank. The two foreign banks were involved underwriting the issue of nearly 81 million shares by ANZ. As joint lead managers they took up approximately 25.5 million shares of the placement.

This represented approximately 0.91% of total shares on issue at that time.

Earlier today, ANZ announced it was expecting the Commonwealth Director of Public Prosecutions (CDPP) to lay criminal cartel charges against the bank and its Group Treasurer Rick Moscati.

The CDPP told the bank on Thursday afternoon that it intends to launch proceedings against ANZ, two other companies and several individuals over alleged cartel arrangements.

The charges will involve alleged cartel arrangements relating to trading in ANZ shares following an ANZ institutional share placement in August 2015.

ACCC chairman Rod Simms said: “It will be alleged that ANZ and the individuals were knowingly concerned in some or all of the conduct.”

The ANZ said the action involves being knowingly concerned in alleged cartel conduct by the join lead managers of ANZ’s underwritten Institutional Equity Placement of around 80.8 million shares in August 2015.

ANZ Chief Risk Officer Kevin Corbally said the bank intends to defend both the company and Moscati.

Deutsche Bank and Citibank will also defend the charges.

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