The World Today - RBA's credibility questioned as police raid subsidiary 07/10/2010: "Australian Federal Police raided six houses in Melbourne - and there were also raids in Spain and the UK - over allegations that a subsidiary of the Reserve Bank bribed overseas officials.
No one from the Reserve Bank is commenting and nor is anyone from its currency subsidiary, Securency International.
But here's Simon Lauder with the latest.
SIMON LAUDER: It's illegal for an Australian company to bribe overseas officials and the penalties can be 10 years in jail or fines of $66,000 for each breach.
It's exactly the crime which is alleged to have been perpetrated by Securency International - the Melbourne based company which was set up by the Reserve bank to sell its polymer banknote technology to the world."
