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Australian Police Lay More Charges in RBA Bribery Case

March 14 (Bloomberg) -- Australian Federal Police said additional charges were laid relating to bribery of foreign officials by employees of Reserve Bank of Australia’s note-printing units.

Three men, who had been charged in 2011 in relation to efforts to secure banknote contracts on behalf of Note Printing Australia Ltd. face two additional charges of foreign bribery and false accounting, police said in a statement on the Australian Federal Police website. A fourth man was also charged with foreign bribery activity in Nepal. Police didn’t name any of the men.

A total of nine former managers and employees at the central bank’s note-printing unit and Securency International Pty now face charges in relation to the bribing of officials in Malaysia, Indonesia, Nepal and Vietnam from 1999 to 2004 to win banknote printing contracts. NPA is a wholly owned unit of the central bank. The RBA agreed to sell its 50 percent stake in Securency in February.

Glenn Stevens, the central bank governor, has denied allegations that some senior RBA officials were involved in covering up evidence of corruption at the units.

A person convicted of bribing a foreign public official may face a maximum penalty of 10 years in prison.

Police said the investigation is continuing and no further comments would be made.

To contact the reporter on this story: Joe Schneider in Sydney at jschneider5@bloomberg.net

To contact the editor responsible for this story: Edward Johnson at ejohnson28@bloomberg.net

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