The former CEO of the ASX speaks about the police investigation into allegations at Tabcorp

Seam Reap in Cambodia. Roberto Schmidt/AFP/Getty Images

Elmer Funke Kupper, who stepped down as CEO of the ASX over a police investigation into overseas payments allegations at Tabcorp when he headed the gaming company, says it’s been 18 months and still waiting for a resolution.

“I think for me the frustration is that it’s taken 18 months so far and the issue with all of that is, if you’re in my position, that’s a punishment, isn’t it?” he told the Financial Review in an interview.

“I mean the process of investigation taking so long becomes the punishment. You know, when the process becomes the punishment, I don’t think that’s right.”

Kupper resigned in March 2016 after being chief executive at the ASX since October 2011.

The Australian Federal Police investigation centres on a payment made in Cambodia in 2009 by Tabcorp when Kupper was CEO of Tabcorp.

At the time the investigation became public, Kupper told Fairfax Media that he could not recall the payment.

“As we sit here today 18 months later my conscience is absolutely 100% clear,” he said.

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