Staff from Australian central bank subsidiary convicted of bribery

The Reserve Bank of Australia
Photo: RBA

Two companies owned by Australia’s central bank were fined millions of dollars in 2012, for bribing Indonesian and Malaysian officials over currency printing contracts, it has been revealed after court orders banning reports of the matter were lifted. 

The boards of both companies were overseen by senior officials from the Reserve Bank of Australia when the crimes were committed, between 1999 and 2004. The RBA said in an official statement that the authorities had accepted it did not know of

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