ASX CEO resigns amid bribery scandal

Elmer Funke Kupper quits amid investigation into the alleged bribery payment made by the gaming company he headed to Cambodia's current prime minister.

Elmer Funke Kupper has resigned as chief executive officer of the Australian Securities Exchange after four and a half years in the post amid allegations of corruption at his previous company.

In a statement on Monday, ASX said Funke Kupper wanted to concentrate his time and attention to dealing with an Australian Federal Police investigation into an alleged foreign bribery payment made by gaming company Tabcorp, which he ran for five years.

The board accepted that Elmer wanted to direct his full focus to the investigations which may be made into the Tabcorp matter -- and not have them interfere with the important role of leading...

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