23 October 2017
visit www.response.ncr.com

Aussie banknote maker hit by police raids over bribery claims

06 October 2010  |  8627 views  |  0 cash

Securency, a banknote maker half owned by the Reserve Bank of Australia, has been hit by raids in Melbourne, the UK and Spain by police looking for evidence of corruption and bribery, according to The Age newspaper.

The raids on homes and offices were part of an Australian Federal Police (AFP) inquiry, codenamed Operation Rune, into allegations that the company paid bribes to officials, including bankers and politicians, between the late 1990s and 2009.

The bribes were allegedly paid through overseas agents and middlemen working for the company to secure contracts producing polymer banknotes for countries in Africa, Asia and South America, says the paper.

The homes of six former and current Securency staff were raided in Melbourne overnight. Meanwhile the UK's Serious Fraud Office simultaneously raided premises in relation to middlemen accused of helping to secure a contract with Nigeria's central bank.

Global raids target Reserve Bank firm - The Age


Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

De La Rue calls in SFO over banknote production irregularities

De La Rue calls in SFO over banknote production irregularities

08 September 2010  |  10237 views  |  4 comments
De La Rue chief quits over paper production problems

De La Rue chief quits over paper production problems

12 August 2010  |  8413 views  |  0 comments
Canada dumps paper cash for plastic

Canada dumps paper cash for plastic

08 March 2010  |  12110 views  |  0 comments | 1 tweets

Related company news


Related blogs

Create a blog about this story (membership required)
Register nowvisit www.niceactimize.comvisit www.vasco.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
16050 views comments | 18 tweets | 31 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
13819 views comments | 22 tweets | 28 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10146 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
10002 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8992 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job