ASIC to demand Deutsche information

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This was published 14 years ago

ASIC to demand Deutsche information

By Michael Evans and Stuart Washington

THE corporate regulator is preparing to step up its investigation into allegations of irregular share trading by members of two prominent wealthy families by issuing a ''notice to produce'' to Deutsche Bank after one of its employees was linked to its inquiries.

In June the Australian Securities and Investments Commission raided the corporate advisory firm Caliburn Partnership and asked for co-operation from Deutsche Bank and KPMG as part of an investigation into the share trading activities of Ben Ingham, of the Ingham chicken dynasty, and John Williams, the stepson of the Crown Casino developer Lloyd Williams.

But ASIC is understood to be preparing to compel Deutsche to provide more information after the links between Chris Shepherd, from its global banking team, and two fellow former employees of KPMG's corporate advisory division were published.

Mr Shepherd and Mr Ingham worked for KPMG, as did a former employee of Caliburn, Adam Wilson.

There is no suggestion that Mr Shepherd and Mr Wilson are under investigation despite being named in correspondence from ASIC.

It is understood Mr Wilson worked two stints at KPMG corporate finance in Sydney, leaving to work with KPMG in London before returning to the Sydney office for less than a year.

He then left to join Caliburn about 2½ years ago.

Mr Ingham is understood to have left KPMG at least five years ago after working there for about two years. It is understood he met Mr Wilson and Mr Shepherd in this period, when all three worked for KPMG Corporate Finance.

''All of them left of their own volition. None of them were guys who were told 'You must go' or anything like that,'' a former KPMG staffer said yesterday on condition of anonymity.

A KPMG spokeswoman would not comment. Mr Shepherd remains at Deutsche. Mr Wilson recently left Caliburn. Mr Ingham has not responded to requests for comment. Mr Wilson could not be contacted.

ASIC declined to comment.

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