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:
“Among the best traitors Ireland has ever had, Mother Church ranks at the very top, a massive obstacle in the path to equality and freedom. She has been a force for conservatism, not on the basis of preserving Catholic doctrine or preventing the corruption of her children, but simply to ward off threats to her own security and influence.”
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