Media Release: Further charges laid in foreign bribery investigation

Release Date: Wednesday, August 10 2011, 11:22 AM

The Australian Federal Police (AFP) has today laid charges against a seventh man as part of its ongoing investigation into the alleged bribery of foreign public officials.

A 60-year-old man from Maroubra, in Sydney’s eastern suburbs, was charged in Melbourne and is scheduled to appear in the Melbourne Magistrates Court today.

It will be alleged in court that the man facilitated payments of $17.2 million in commissions to an agent in Vietnam and falsified accounts in relation to a contract in Malaysia.

Both alleged incidents relate to efforts to secure banknote contracts on behalf of Securency.

The man has been charged with conspiracy to bribe a foreign public official, contrary to Sections 11.5(1) and 70.2(1) of the Criminal Code Act 1995, which carries a maximum penalty of 10 years imprisonment and/or a $1.1 million fine.  He has also been charged with false accounting under Section 83(1) of the Crimes Act 1958 (Vic), which carries a maximum penalty of 10 years imprisonment.

The AFP has also filed further charges against Securency and two Victorian individuals, who were previously charged on 1 July 2011, with conspiracy to bribe foreign public officials. The additional charges relate to alleged bribes paid to public officials in Malaysia and Vietnam between the dates of 2001 and 2006 in order to secure banknote contracts.

The charges against the companies carry a maximum fine of $330,000 per offence.

A dedicated team of up to 20 AFP members has been working full-time on this investigation. The team has been provided significant ongoing support by the Commonwealth Director of Public Prosecutions and the Attorney-General’s Department. Austrade has also strongly supported the investigation.

The Reserve Bank of Australia, Securency and Note Printing Australia have also provided substantial assistance during this complex and protracted investigation.

The AFP will continue investigations in Australia and internationally with its law enforcement partners. As investigations are ongoing, it is not appropriate to make any further comment at this stage.

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