Article Name: My Response to ANZ Concluding Their Investigations
Posted On:Tuesday, December 16th, 2008Bob Santamaria’s letter of 27 February 2008 indicated that ANZ had supposedly undertaken significant effort in investigating my various claims. What they failed to mention was the outcome of their investigations. This was particularly important as I was making very serious claims about individuals and the overall ANZ approach to managing breaches of their Values and Code of Conduct.
Santamaria’s letter was further evidence of ANZ having a Corrupt Culture.
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What is most important is the last paragraph where ANZ state “there is nothing more we can reasonably do.”
Not so! The revised Code of Conduct and Ethics is a good start but its application is the key issue.
Also the Opes Prime fiasco needs some very lateral thinking as to how does ANZ regain the significant loss of reputation. Paying back the Opes Prime investors may be a start and stop taking a fully legalistic approach, otherwise I believe the ANZ is doomed.