Macquarie Bank are involved in the Qantas takeover, which is starting to raise some eyebrows and concerns because another scandal brewing in Western Australia due to a possible conflict of Interests.
Does anyone know if Macqurie Bank and or who advises Qantas management during the current takeover attempt.
http://www.theaustralian.news.com.au...78-643,00.html
Did Macquarie 'cross the line' over Alinta?
Public sensitivity over perceived conflicts of interest has risen greatly, Glenda Korporaal reports
January 20, 2007
IT might have been a deal too far.
Over the past few years, Macquarie Bank has helped transform the former West Australian utility Alinta into a national energy infrastructure company through billion-dollar deals including the purchase of Duke Energy's Australian business and swapping assets with AGL.
But when Macquarie agreed to advise Alinta's top management on their bid to take over the company late last year, the hyper-aggressive investment bank switched sides, bringing a wealth of knowledge about Alinta with it. "They are always fairly close to the line," sniped a rival banker. Indeed, many critics now argue it has crossed the line.
Etc.etc.