GLOBAL SUB-PRIME CRISIS

BANKILEAKS

Click on our Secret Library of Evidence ------>

    BANKILEAKS Secret Library

Loan Application Forms (LAF's)  

    Bank Emails to Brokers  

    Then Click on 'VIEW NOTEBOOK'

Join us on facebook
 

facebook3           facebook2 

BFCSA
MORTGAGE
DISTRESS SOS

What BFCSA Does...

BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

Visitors

Articles View Hits
759367

Whistleblowers' Corner!

To all mortgage brokers, BDMs and loan approval officers! 
Pls Call Denise: 0401 642 344 

"Confidentiality is assured."

Cartoon Corner

Lighten your load today and "Laugh all the way to the bank!"

Denise Brailey

Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

Click on the Cluster Map.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Login
    Login Login form

BFCSA: ASIC boss backs Funke Kupper in face of bribery scandal

Posted by on in Australian Securities & Investment Commission
  • Font size: Larger Smaller
  • Hits: 1461
  • 1 Comment
  • Print

ASIC boss backs Funke Kupper in face of bribery scandal

AM By AM business editor Peter Ryan

Posted Tue 22 Mar 2016, 8:31am

The chairman of Australia's corporate regulator has taken the unusual

step of publically backing the former chief executive of the Australian

Securities Exchange, who resigned suddenly yesterday in the face of

a bribery scandal.

In a surprise decision, Elmer Funke Kupper quit over allegations

surrounding a $200,000 payment to the family of Cambodia's prime

minister while he was chief executive of the gaming company Tabcorp.

The integrity of listed companies including ASX Limited is overseen by the

Australian Securities and Investments Commission (ASIC).

While not commenting on the Australian Federal Police investigation into

Tabcorp's activities in Cambodia, ASIC boss Greg Medcraft told the ABC's

AM program that Mr Funke Kupper's resignation was a sad loss.

"It's very unfortunate. Elmer is a really creative, talented CEO. I think he's

brought great vision to the ASX. It's actually a sad loss," Mr Medcraft said

on Monday night.

"I can't comment on what's happening there [the police investigation], but

he's chosen to resign and focus on this issue. We must respect him for that.

Clearly he's done what he considers to be the best for the company and

himself."

While choosing his words carefully, Mr Medcraft pointed out the difficulty in

proving foreign bribery allegations.

"These are very difficult cases to prosecute, so I guess we'll just have to

see how this evolves," Mr Medcraft said.

The ABC attempted to contact Mr Funke Kupper but calls were not

returned. However, the former ASX boss has been quoted as saying he

"did nothing wrong" during his time as Tabcorp chief executive.

In a statement released yesterday, ASX chairman Rick Holliday-Smith said

Mr Funke Kupper was giving his "full focus" to the police investigation into Tabcorp.

Mr Funke Kupper was scheduled to be on a panel at ASIC's annual forum in Sydney today but withdrew late yesterday

after news of his resignation broke.

Follow Peter Ryan on Twitter or on his Main Street blog.

Last modified on
Rate this blog entry:

Comments

  • organza
    organza Wednesday, 23 March 2016

    His reputation for being really creative and talented is catching up with him. He clearly does what “he considers to be the best for the company and himsel" by those who employ and pay him to do it. ANZ and Medcraft should know all about that. End of story..

Leave your comment

Guest Sunday, 29 November 2020