(11 March 2010 – Australia) The Australian Federal Police have stopped a former Macquarie Bank funds manager, Oswyn Indra De Siliva, from trying to flee Australia, defying a Supreme Court order.The Australian Securities and Investment Commission (ASIC) applied to the Supreme Court for a travel ban restraining Mr De Silva from leaving or attempting to leave Australia while it completed an investigation into trading activities alleged to have been undertaken by Mr De Silva in 2006 and 2007.
The Supreme Court granted ASIC’s request to ban the former Macquarie banker from leaving, however only three days after the restriction was issued Mr De Silva was detained by the police at Perth International airport as he was attempting to leave Australia.
Mr De Silva, a British citizen, has now pleaded guilty to attempting to leave the country defying the courts orders.
Judge Paul Brereton has ordered that Mr De Silva’s passports and all details of any travel arrangements made for the following two months be surrendered to the courts.
According to previous statements issued by Macquarie Bank, Mr De Silva had ‘10 years of industry experience’ when in 2007 he co-headed the Global Property Securities Fund, according to The Australian Newspaper.