23 November 2017
visit www.aciworldwide.com

Former CommBank IT exec faces US fraud charges

30 September 2016  |  5702 views  |  0 Commonwealth bank web logo

A former senior IT executive at CommBank who has pleaded guilty to bribery in Australia is now facing similar charges in the US, according to press reports.

American national Keith Hunter faces charges from the US Department of Justice of conspiracy to commit securities fraud and wire fraud.

In June he pleaded guilty to similar charges in Australia related to bribery allegations. He and another former CommBank staffer are accused of a "corrupt relationship" with US-based IT firm ServiceMesh, which saw them hand over a lucrative contract without putting it to public tender in exchange for more than $2 million in kickbacks.

Shortly after, ServiceMesh was bought by CSC. According to IT News, prosecutors say that CSC was misled into paying US$98 extra because the $10.5 million CommBank contract meant ServiceMesh met certain performance targets.

Hunter will be sentenced in Australia in December. He will face the US charges after any sentence in Australia is served.

Meanwhile, CSC is suing ServiceMesh founder Eric Pulier for the return of the $98 million.

KeywordsLEGAL

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

Charity sues CommBank for $2.5m related to IT bribery case

Charity sues CommBank for $2.5m related to IT bribery case

27 May 2015  |  4761 views  |  0 comments | 2 tweets | 1 linkedin
Former CommBank IT manager charged with bribery

Former CommBank IT manager charged with bribery

18 March 2015  |  3674 views  |  0 comments | 2 tweets | 2 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.capgemini.comvisit www.response.ncr.com

Top topics

Most viewed Most shared
Ripple boss predicts central bank adoption of blockchainRipple boss predicts central bank adoption...
21206 views comments | 33 tweets | 36 linkedin
Barclays warns of unprecedented online fraud this ChristmasBarclays warns of unprecedented online fra...
10343 views comments | 17 tweets | 35 linkedin
Sepa instant payments goes liveSepa instant payments goes live
9855 views comments | 45 tweets | 78 linkedin
ING brings data privacy to blockchain transactionsING brings data privacy to blockchain tran...
8652 views comments | 25 tweets | 35 linkedin
hands typing furiouslyHow Fintech Companies are disrupting the C...
7259 views 0 | 16 tweets | 8 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job