ACCC beneath hearth as decreased ANZ cartel masses

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Justice Wigney mentioned JP Morgan’s bankers had been “clearly vital witnesses” however added that he was “alarmed” by the size of time demanded by the CDPP. “I perceive the difficulties all of us had working beneath the end result of COVID-19 and having to do issues through videolines. However there are nonetheless six weeks for the aim of 10 witnesses who’ve already offered statements,” Decide Wigney mentioned. “This matter has been on foot for a major period of time.”

The choose ordered the CDPP to finish the interviews by Sept. 29 in an effort to maintain the trial, which is scheduled to start subsequent yr, on observe.

An ACCC spokeswoman mentioned the regulator is investigating the cartel’s suspected exercise earlier than transmitting proof to the CDPP for its consideration by the prosecution. “The CDPP is accountable for choices associated to the prosecution of felony cartel offenses.”

A supply near the case, who couldn’t be named as a result of the case is earlier than the courts, mentioned JP Morgan’s witnesses “shortly turned discredited.” “The CDPP has belatedly acknowledged that the ACCC has initiated the statement-making course of,” the supply mentioned. “They do not know the best way to make statements for a felony case.”

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