An Australian investigator who helped bring criminal cartel charges against Citigroup Inc and Deutsche Bank AG said he first heard concerns about a stock issue they worked on from a rival regulator, but the agencies acted independently.
The disclosure on Tuesday in a pre-trial court hearing relates to a central part of the defense against the country's biggest white collar criminal case: the investment banks want to show the evidence used to charge them was tainted by outside influences and departure from due process.
"The investment banks may not have been entirely truthful with ANZ bank, I recall that coming up," Taylor told a packed Sydney courtroom, referring to conversations with ASIC. More than a year and a half since the charges were brought, the matter is yet to go to trial and none of the accused has entered a formal plea, but all have said they will plead not guilty.
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