No wrongdoing by Securency bosses: Stevens

Reserve Bank governor Glenn Stevens believes that proper process was followed at all
times by the chairman and directors of Securency, the high-tech polymer banknote
business.
The central bank announced on Tuesday that it is selling its half-share in the
business, a company that is embroiled in allegations of bribery to gain contacts.
"There has been no evidence of any improper behaviour by the directors or chairman
that we appointed, not that I've seen, and I very much doubt there will be," Mr
Stevens told a hearing of federal parliamentarians on Friday.
"The police are continuing their investigation at this point."
Securency has been accused of bribery to induce officials in Asian and African
countries to use its banknote products.
The allegations sparked investigations by police forces including the Australian
Federal Police (AFP), the UK Serious Fraud Office and Malaysia's Anti-Corruption
Commission (MACC).



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