Tuesday, July 5, 2011

Our affairs Down Under have never been cozier

Bribe probe hits former Malay PM
Nick McKenzie and Richard Baker
July 5, 2011

The Reserve Bank of Australia's banknote firms are suspected of attempting to bribe former Malaysian prime minister Abdullah Badawi in order to get his help to win a $31 million currency contract.

Mr Abdullah is one of a several highly influential Malaysian political figures whom anti-corruption authorities believe Securency and Note Printing Australia— firms respectively half and fully owned and overseen by Australia's reserve bank— allegedly sought to bribe using part of $4.2 million in commission payments made to two Malaysian middlemen.

Malaysian sources confirmed to The Age that the Australian Federal Police have gathered information about attempts to bribe Mr Abdullah by Securency and Note Printing Australia, which are respectively half and fully owned and overseen by the RBA.

The Age sought comment from Mr Abdullah last night.

Read more here.

[Brought to my attention by Henry Cheong]