NAB chief insists acts not a crime

Original article by James Frost
The Australian Financial Review – Page: 1 & 8 : 10-Aug-18

The banking royal commission has heard that National Australia Bank is being investigated over more than 100 alleged breaches of the law. The alleged breaches relate to actions by its superannuation and wealth management units, with the investigations being carried out by the Australian Securities & Investments Commission. NAB CEO Andrew Thornburn says that it does not consider that the alleged claims against it amounted to criminal breaches, and he is absolutely certain that they were not criminal acts.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, MLC LIMITED, AMCOR LIMITED – ASX AMC, BHP BILLITON LIMITED – ASX BHP, SOUTH32 LIMITED – ASX S32, CARLTON AND UNITED BREWERIES

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