Westpac goes down, Transurban goes up, Maxsted still at Transurban. Just earlier today, Australian Eastern time, a 10 year old killed on Maxsted's Transurban M5 motorway, one sister of the deceased critically injured, truck driver affiliated with the "Transport Workers Union", Australian for Teamsters, sent for drug and alcohol blood testing to hospital and his "mobile" a.k.a cell phone sent for testing, new onramp at Riverwood's Belmore Road just in operation, a Coroner Court investigation pending by the Coroner. Maxsted's departure might be a clean the air, Westpac's issues might now be Transurban's.
See the News International, FoxNews media result below. PerhapsTransurban should be liquidated like its chair.
www.news.com.au/national/nsw-act/news/child-dies-in-truck-crash-on-sydneys-m5/news-story/34dd1aa562d9012e1b42c68190591a8d
Lindsay Maxsted used to be a liquidator, he has had to resign at Westpac as Westpac got busted for AML violations due to hosting customers responsible for child paedophilia on the Chairman's watch.
And TCL shares went up, WBC goes down. Shocking that the company's SP should go up.
Why does AUSTRAC not investigate Transurban? Victorian Government's contract with Westpac being reviewed. Now Maxsted is gone, they should renationalise Transurban and leave Westpac alone IMHO. Why does the NSW Government's dealings with Transurban not be investigated by a Royal Commission if the New South Wales ICAC is useless and underfunded?
This is truly shocking and an indictment of Australian corporate life? Still Westpac will see the other side of it, perhaps Transurban will not.
Does other companies need better Government regulators and investigators all over it, AML, planning approval reviews, competition commission and anti-trust investigations, breaking up monopolistic provisions, pricing reviews, Government Gifts and Entertainment reviews, donation reviews, Anti Corruption and Bribery Reviews, Coroners Court review, Class Actions and Modern Slavery reviews IMHO just to see there are not more skeletons jumping out at other companies?
Why just poor old Westpac? Especially since the bad eggs have gone only to sour other things.
What do we expect, page-11
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