Corruption Allegations
A secret memo sent to the "Deputy Governor RBA" in 2007 detailing bribery and corruption within a Reserve Bank subsidiary was withheld from the police, Federal Parliament and the government. The revelation of the five-page "private and confidential" memo ties RBA governor Glenn Stevens and his recently retired deputy, Ric Battellino, to one of the worst corporate corruption cover-ups in Australian history. The 2007 memo shows that almost two years before a bribery exposed by The Age forced the RBA to call in police, Mr Battellino was given a detailed and explosive memo cataloging bribery and corruption inside Note Printing Australia, a wholly owned and supervised subsidiary of the bank.
Read more about this topic: Note Printing Australia
Famous quotes containing the word corruption:
“I condemn Christianity. I raise against the Christian church the most terrible accusation that any accuser has ever uttered. It is to me the ultimate conceivable corruption. It has possessed the will to the final corruption that is even possible. The Christian church has left nothing untouched by its depravity: it has turned every value into a disvalue, every truth into a falsehood, every integrity into a vileness of the soul.”
—Friedrich Nietzsche (1844–1900)