Australia's largest stock trading and investment forum Australia's #1 stock forum

SP1

Click for more information

0.00%

$1.07 southern cross payments ltd

I find Visa's current action very surprising. Visa knew ASIC was...

First 1704 Last

Share
Profile

Follow
retiredyoung

8,751 Posts.

782

16/07/21

19:15

Post #: 54563319
Share

Originally posted by itzgr82balive: ↑

I doubt @vjojovose1 that any of the VISA documents that discuss ISX's AML procedures are likely to get suppressed since that is what VISA has wanted everyone to believe is the reason ISX was suspended (or was it ASX or ASIC that wanted everyone to believe it?). Of course, if there is evidence that ISX got the boot by VISA because it was the only way to get out of a contract with ISX and VISA mislead everyone, that will likely be exposed in a trial. And perhaps, just perhaps VISA has had an "ah ha!" moment, realise how exposed they are, and may just want to suppress these documents. In that case, you may be right - if they are successful in suppressing these, then I would have to agree, ASIC has no case. It is all just hearsay.

Expand

I find Visa's current action very surprising. Visa knew ASIC was investigating ISX and they should have known that a court case was a possibility. Therefore they should also have expected that the documents would be required if a court case proceeded. It will be interesting to see what the court thinks.

ISX Price at posting: $1.07 Sentiment: None Disclosure: Held
20 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 904 more messages in this thread...

First 1704 Last

Add SP1 (ASX) to my watchlist

SPONSORED BY