RBA Governor Glenn Stevens
31 August 2012. In 2007 a senor executive of Note Printing Australia (NPA) had sent a five page memo to Deputy Governor of Reserve Bank of Australia (RBA), Ric Battellino, outlining the corruption and bribery within NPA. NPA is a fully owned subsidiary of RBA. The memo was sent two years before Fairfax exposed corruption within NPA. The memo was withheld from the police and the parliament. RBA Governor Glenn Stevens told the Parliament last year the RBA was not aware of any corruption within NPA until Fairfax exposed it in 2009. Liberal MP Tony Smith has asked Mr Stevens to table the memo when he appears before the Economics Committee of the Parliament on Friday. The memo was written by Brian Hood, who was the Company Secretary at NPA in 2007. He left the form in 2008. NPA paid bribes to officials in Malaysia and Nepal to secure order for printing of currency notes. The memo revealed that NPA and its siter firm Securrency which is half owned and supervised by RBA, had on their payrolls a potentially corrupt Malaysian agent and an arms dealer, Abdul Kayum. Last year Kayum was charged in Malaysia for paying bribes to officials using NBA’s funds.
