ANZ Bank Settles With Oswals Over A$2.5 Billion Burrup Claim

  • Bank to book charge of A$145 million to reflect settlement
  • Complex case had ‘residual risks’ for bank, CEO Elliott says

Australia & New Zealand Banking Group Ltd. said it reached a settlement with Pankaj and Radhika Oswal over the Indian couple’s A$2.5 billion ($1.9 billion) claim following a dispute about the 2010 sale of Burrup Fertilisers.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.