opes related the federal court today anz, page-194

http://business.smh.com.au/business/the-corporate-watchdog-that-just-wont-bite-20090628-d18h.html?page=-1 M.West is a tough guy that is not scared, here is part of what he said . Naturally, the press loves it. There are good headlines in these characters, rich and famous as they are. The latter two, Emini (OK, not famous but rich) and Cooper, were both subject to passport-freeze tactics and the ensuing headlines. If you were wondering why Opes collapsed last March and there is no action yet, it's because ASIC has a tickler on its case: Emini was so close to the ANZ that his pursuit would be an embarrassment were Emini to spill the beans.

Word is ASIC sooled a crack team onto Opes, a team which is champing at the bit for some action 15 months later. But alas, ANZ - being a pillar of the financial system in the throes of the global financial crisis - is a somewhat protected species. Yes, it's politics as usual.