Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Call for bribery and corruption inquiry



Download PDFDownload PDF

For more information contact Sarah Mennie on 0409 696 531 or Nick Xenophon on 0411 626 677

22/8/2012

CALL FOR BRIBERY AND CORRUPTION INQUIRY

XENOPHON AND GREENS JOIN FORCES ON RBA ALLEGATIONS

Independent Senator for South Australia Nick Xenophon will push for a Parliamentary inquiry into allegations of bribery and corruption surrounding RBA subsidiaries Securency International Ltd and Note Printing Australia.

Senator Xenophon will tomorrow put forward a notice of motion in the Senate calling for an inquiry along with the Australian Greens. Senator Xenophon and the Greens will also table an order for the urgent production of documents in relation to the allegations.

Senator Xenophon said the proposed inquiry would need to consider how much the Reserve Bank of Australia knew about the allegations and when, as well as what action was taken once they became aware of any allegations.

The inquiry would also look into the Australian Securities and Investments Commission’s role in investigating any allegations and Austrade’s involvement in any activities and knowledge of allegations.

“The explosive allegations that have surfaced overnight in relation to a memo from Note Printing Australia’s company secretary Brian Hood to the Reserve Bank of Australia’s then deputy governor Ric Battellino warrant serious and urgent investigation,” Nick said.

“According to media reports, the contents of the memo are extremely serious, alleging that politicians and officials had received payoffs.”

Senator Xenophon said there was also a real issue of what ASIC did or didn’t do when given information in relation to the allegations.

“This goes to the core of governance issues in relation to the Reserve Bank of Australia, one of Australia’s most important institutions,” Nick said.

It is expected that a vote on the motions will be held tomorrow morning.