Thursday, June 9, 2011

Securency & Malaysia's Political Royalty

By Richard Baker and Nick McKenzie

THE Reserve Bank firm Securency hired a company owned by a close relative of Malaysia's Prime Minister and Home Affairs Minister - the two men with whom the Gillard government is negotiating to swap asylum seekers - to help win banknote contracts.

The revelation comes amid growing sensitivity within the federal government about the Australian Federal Police investigation of Securency and the potential for Australia's international relations to be harmed if foreign officials allegedly linked to the RBA firm's bribes are named.

The Age has learned that Securency signed Kuala Lumpur firm Liberal Technology as its Malaysian agent in 2009. The biggest individual shareholder in Liberal Technology is businessman Haris Onn Hussein.

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