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Criminal cartel case against ANZ, investment banks heading to trial

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ANZ, Citigroup, Deutsche Bank and six senior executives will be hauled before the Federal Court, more than two years after the ACCC launched the case over how the banks offloaded shares.

Those proceedings have been halted pending the outcome of the case brought by the ACCC.

The sale was organised and underwritten by Citigroup, Deutsche Bank and a third major global bank, JP Morgan, to boost ANZ's balance sheet in accordance with demands from the bank regulator APRA.

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