dw
Your Point is good ..it goes to Duty of Care by ANZ
Remember ANZ had the accounts which showed 20% related party transactions
On one hand ANZ allow themselves to publicly endorseing the pre 2008 document
Approved themselves to be Represented as Custodians
and lend these people more than they lent on to the clients ..with the full knowledge that these people(Opes) were engaging in related party transactions..ie funnelling money out of the business
At no point did ANZ share with any client the accounts
nor did they reflect that as custodian they owed the clients a custodial duty
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