SKIP TO MAIN CONTENT

Arrests into foreign bribery scandal

The Australian Federal Police has charged two banknote firms and six former employees after a two-year investigation into alleged foreign bribery scandals involving part-RBA owned Securency.

Reserve-Bank_-australia_240311_B_AAP_1105976259

1 min read

Published

Updated

Source: AAP


Skip to article content

Six people linked to polymer bank note maker Securency have been arrested for the alleged bribery of foreign officials.

Australian Federal Police on Friday said the six would be charged with offences relating to the bribery of officials in Indonesia, Malaysia and Vietnam between 1999 and 2005.

Securency is partly owned by the Reserve Bank of Australia, the nation's central bank.

News that makes sense

Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

The AFP said further charges may be laid, but was unable to comment on the investigation that might be going on in Australia or other countries.

The six charged in Victoria were former employees of Securency and Note Printing Australia, and held positions as chief executive officers and chief financial officers, as well as sales agents.

It was alleged that bribes were made to foreign public officials to secure contracts.

The six Australian offenders will appear in a Melbourne magistrates court on Friday.

The charges carry a maximum penalty of 10 years' imprisonment and/or a $1.1 million fine.


Get SBS News straight to your inbox

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Stream now

Watch the latest news videos from Australia and across the world