Now Westpac is trying to recoup only the $1.3 billion of the AUSTRAC fine from its insurers AXA and Chubb. What about the $40 billion AUD in the collapse of the Westpac share price?
$40 billion AUD is almost 40 times more $1.3 billion.
How odes Westpac and the embattled Peter King ever think they will recoup the $40 billion AUD for shareholders?
Westpac's $1,000,000,000 AUSTRAC Settlement?, page-631
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