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Bandt moves for inquiry into RBA scandal



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Media Release

Adam Bandt MP Deputy Leader, Australian Greens Federal Member for Melbourne

22 August 2012

Bandt moves for inquiry into RBA scandal Greens Deputy Leader and banking spokesperson Adam Bandt announced today that he will move in parliament for an inquiry into the growing RBA banknote bribery scandal.

The case for a full independent inquiry into what the RBA knew and did about this growing scandal is now overwhelming, he said.

"I will move in Parliament for the establishment of a full independent inquiry into the banknote bribery scandal. The inquiry should have the powers of a Royal Commission," Mr Bandt said.

“In August last year I moved for an inquiry into the claims surrounding the Reserve Bank but the ALP and the Coalition combined to vote it down.”

“Given the new claims that the RBA knew about alleged criminality within its subsidiaries as far back as 2007 but failed to go to the police, the other parties should now back the Greens’ call for a full-scale inquiry.”

“There are claims that tens of millions of dollars of public money has been spent illegally, bribing foreign officials.”

“We need to have complete confidence that the highest governance standards exist in the RBA.”

"This scandal touches the key financial institution in this country, as well as other arms of government. We need a full-scale inquiry to clear the air and remove the cloud hanging over the RBA."

"The public need to have confidence that we have got to the top as well as the bottom of this bribery scandal."

Information: Damien Lawson 0487 900 005