Ex Macq manager restrained from departure
Wednesday, 10 March 2010 12:25pm
ASIC has obtained court orders restraining former Macquarie Bank portfolio manager, Oswyn De Silva, from leaving Australia.
The consent orders were obtained from the Supreme Court of New South Wales and prevents De Silva from leaving, or attempting to leave, Australia.
De Silva, 36, a resident of the United Kingdom, was also required to deliver up all passports to the Court Registry.
On Friday 26 February, ASIC obtained ex-parte orders from the Supreme Court restraining De Silva's overseas travel activities.
ASIC applied for these orders pursuant to its investigation of trading that De Silva is alleged to have engaged in between 2006 and 2007.
On 1 March, De Silva attempted to leave Australia from Perth but was stopped by the Australian Federal Police.
On 8 March De Silva pleaded guilty to a charge of being in contempt of the court's ex parte orders and his sentence hearing has been listed for 15 March 2010.
The restraint orders will continue until Monday 15 March 2010 when the matter returns to court.
ASIC release
This story was found at: http://www.financialstandard.com.au/news/view/28249
Printed: Wednesday, 8 September 2010 7:06am