Australian and Malaysian authorities have charged six people and two companies with bribery related to currency-printing contracts won by Securency International.
Securency is a joint venture between the Reserve Bank of Australia (“RBA”) and Innovia Films, a UK company. The other company that was charged is Note Printing Australia, a company wholly owned by RBA, which oversees the plants that print Australia’s banknotes.
The charges relate to alleged bribes that were paid to public officials in Indonesia, Malaysia and Vietnam between 1999 and 2005 in order to secure banknote contracts, it has been reported. The investigation had been in operation for in excess of two years and involved cooperation with the SFO in the UK.
The Australian police have reported that this is the first prosecution under the foreign bribery provisions of the Criminal Code that was introduced in December 1999.