A former Macquarie Group Ltd
(ASX:MQG) banking portfolio manager under investigation for suspicious share trading activities has been caught trying to illegally flee Australia.
Oswyn De Silva was stopped by police in Perth while trying to leave the country on March 1 after the NSW Supreme Court had issued orders restraining him from doing so.
Mr De Silva has pleaded guilty to being in contempt of the court orders.
Meanwhile, the company has appointed investment banker Gaurav Gupta as its new head of Macquarie Capital Advisers in India.
Mr Gupta has over 12 years’ industry experience, most recently serving as chief of telecommunications, media and financial services for financial firm, Nomura, in India.
He was recently involved in the $US1.8 billion divestment by Aircel of its towers business to GTL Infrastructure, one of India’s largest, all cash domestic merger and acquisition transactions.
Macquarie Capital’s head of Asia Andrew Low says India is a high priority market for Macquarie and it will continue to invest in its top-tier business in the country.
Macquarie Group posted a profit of $871 million for the 12 months to March 30, 2009.
