Former Macquarie Bank manager Oswyn De Silva barred from leaving Australia
THE corporate watchdog has obtained orders from the Supreme Court to stop former Macquarie Bank Portfolio Manager Oswyn De Silva from leaving or attempting to leave Australia.
Mr De Silva, 36, a resident of the United Kingdom, was also ordered to surrender his passports to the court, the Australian Securities and Investment Commission said.
ASIC said it applied for the orders as part of its investigation of Mr De Silva’s trading activity between 2006 and 2007.
The watchdog did not specify the nature of the investigation or the alleged offences.
On March 1 of this year Mr De Silva attempted to leave Australia from Perth but was stopped by the Australian Federal Police, ASIC said.
On March 8 Mr De Silva pleaded guilty to a charge of being in contempt of the court’s 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.
news.com.au
Tags: ASIC, Macquarie Bank