Who in their wildest fantasies could ever think that the ANZ bank did NOT approve the use of its logo on Opes prime documents; and did NOT approve that they be referred to as custodians of opes clients stocks.
And who could possibly fantasise that ANZ were NOT aware over 3 to 4 years that Opes was informing clients that their shares would be lodged with ANZ as custodians; and that opes clients retained beneficial and economic ownership of those shares.
They are fantasies IMO. And from what I am hearing, the various litigation groups are now finally discovering this to be indeed the case, that is, pure fantasies, beyond any reasonable doubt.
So I suggest anyone who does not have legal counsel; or who is not part of one of the commercial litigation groups: S+G, IMF or Sweeneys, to get moving. The bank is living its own fantasy now, if it thinks it can walk away without full restitution or 100c in the dollar plus interest in the commercial litigation courts.
ANZ Price at posting:
$18.71 Sentiment: Hold Disclosure: Held
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