SYDNEY (Reuters) - Australia’s competition regulator said the criminal cartel charges it expects to lay against Deutsche Bank (DBKGn.DE) and Australia and New Zealand Banking Group (ANZ.AX) over a 2015 ANZ share issue follow an “extensive investigation”.
It made the comments in a statement issued on its website on Friday. Prosecutors allege the A$79 billion bank was knowingly involved in cartel conduct by the joint lead managers of the equity placement of about 80.8 million shares, ANZ said in a separate statement.
Deutsche, one of the managers, has said it will defend the charges.
Reporting by Tom Westbrook; Editing by Michael Perry