NEW CHARGES FORTHCOMING IN THE SECURENCY BANKNOTE PRINTING BRIBERY CASE

AUSTRALIA'S first foreign bribery prosecution will accuse two Reserve Bank currency firms and six of their former senior managers of funnelling multi-million-dollar bribes to high-ranking government officials in Indonesia, Malaysia and Vietnam to win bank-note deals.

Police in Australia, Asia and Europe expect to lay further criminal charges and expose corrupt foreign politicians after yesterday charging with bribery Securency and Note Printing Australia, plastic-banknote design and printing firms that are respectively half and fully owned and overseen by the Reserve.

An international corruption taskforce led by the federal police is still working to uncover up to $25 million more in suspected bribes paid by the Reserve firms in Asia and Africa since 1999 and as recently as 18 months ago. The federal police inquiry began after a report in the Herald in May 2009 revealed Securency's multimillion-dollar payments to shady middlemen.

To read the complete article, see: Bank bribes: more arrests imminent (www.smh.com.au/national/bank-bribes-more-
arrests-imminent-20110701-1gv6q.html)

Wayne Homren, Editor

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