Allegations of bribery of foreign officials in relation to the international sale of polymer substrate technology owned by Securency and Note Printing Australia (two subsidiaries of the Reserve Bank of Australia) were raised several years ago.
Charges against the two companies and the former Principal Financial Officer of Securency in the matter were dealt in Australia with while charges against seven further individuals are pending in the Victorian Supreme Court. Charges were also laid in the UK against Peter Chapman under the UK Bribery Act who at the relevant time was Securency’s Director of Regional Sales for Africa for. The Regional Sales role required Chapman to relocate to Nigeria and while there he became involved in bribing an official at the Nigerian mint. Peter Chapman was found guilty by a jury in London and was sentenced last week to 30 months imprisonment. With time already served on remand, he was released immediately following the sentencing hearing.