AUSTRALIA BANKNOTE BRIBERY SCANDAL DAMAGES CENTRAL BANK’S REPUTATION
October 1st, 2010
BY BARBARA BIERACH
WHILE the Reserve Bank of Australia has a licence to print cash, two subsidiaries wanted one too, it seems - only using international sales agents to bribe foreign public officials over banknote printing contracts. Barbara Bierach reports from Sydney.
IT is maybe Australia's most serious corruption investigation and has had serious commercial consequences. The Bank of England has cancelled a plan to print GBP5 banknotes on material supplied by Australian company Securency International, a reserve bank subsidiary. Also Crane & Co, the ...
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