A court suppression order has been rescinded this week in Australia concerning the Reserve Bank of Australia’s admission that two of its subsidiaries (Note Printing Australia and Securency) were fined a record A$ 22million in 2012 for offering bribes to foreign officials and false accounting. The Officials that were offered bribes between 1999 and 2004 were from Malaysia, Indonesia, Nepal and Vietnam.
The suppression order was lifted as a result of a former employee of Note Printing Australia pleading guilty to bribe foreign officials in Malaysia. The legal case has focused upon the Reserve Bank of Australia’s poor oversight of its subsidiaries.