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5 Oct, 2011

Australian Reserve Bank officials in evidence cover-up

SOME of the Reserve Bank’s most senior officials were involved in covering up extensive evidence of corruption at the central bank’s subsidiaries, Note Printing Australia and Securency.

An investigation has found top Reserve officials suppressed damaging information in 2007 and 2008 about the payment of secret commissions to middlemen hired by the Reserve firms to win bank-note contracts in Nepal and Malaysia.

via Reserve officials in evidence cover-up.