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Subscribe to this list via RSS Blog posts tagged in RBA corruption
http://www.macrobusiness.com.au/2013/10/asic-blows-bureaucratic-smoke/ Posted by Houses and Holes in Australian Economyat 1:58pm on October 11, 2013   From ASIC chief Greg Medcraft................“Today, I want to set the record straight. My point is that in any foreign bribery investigation, criminal proceedings are the main game,” he said in a copy of his speech to the American Chamber of Commerce in Australia. “ASIC cannot – and will not – do anything to jeopardise the success of criminal actions. This is something the media has mostly chosen to ignore..........There are three points to make. ...................   The Four Corners expose on the case of corruption and bribery at RBA subsidiaries made the point that the Federal Police had investigated Securency then passed the issue to ASIC, where it disappeared.   From the ABC program: The AFP handed its evidence to the Australian Securities and Investments Commission (ASIC). In a statement, ASIC said it had reviewed the...
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  • doyla66
    doyla66 says #
    ASIC cannot – and will not – do anything to jeopardise the success of criminal actions. Huh? Does this mean ASIC will let the crim
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Posted by on in Corrupt Regulators
Despite compelling evidence and requests for investigation by the AFP, ASIC failed to investigate even ONE significant witness in relation to the Securrency / NPA scandal. My opinion? Time for Medcraft to go. After facing court for his part in the cover up, that is. Looks like a Royal Commission is getting closer than ever. Source:   AUSTRALIA's corporate watchdog bungled its handling of the nation's biggest bribery scandal by failing to interview a single relevant witness and misspelling the lead police investigator's name in emails, leaving crucial correspondence stalled or unread.The Australian Securities and Investments Commission announced in March that it would not act on a federal police referral to investigate the RBA bank note scandal, despite the AFP and government lawyers finding compelling grounds to do so.The Saturday Age can reveal that so strong is the evidence of possible corporate malfeasance that prior to referring the matter to ASIC,...
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  • doyla66
    doyla66 says #
    ASIC: proof positive, guilty as charged - "perverting the course of justice" - ditto RMBS low-doc fraud!!!
  • doyla66
    doyla66 says #
    I was trying to find something positive in it. Glenn Stevens looked so dreadful last time I saw him on the ABC I almost felt sorry
  • doyla66
    doyla66 says #
    Glenn Stevens only looked dreadful because he is finally having to answers some questions about the job he is so very highly paid
  • doyla66
    doyla66 says #
    I guess it was a big shock to discover that even with PM's back up he could still be fried, despite being a teflon coated banker.
  • doyla66
    doyla66 says #
    I reckon its all lip service from the AFP. Remember, global banks (of which the RBA Central Bank is one) run both sides of politic
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  29 Jun 2012 - Good reading and video at: http://barnabyisright.com/2011/06/29/rba-says-our-banks-are-stuffed-in-other-words/#comments   Yesterday, RBA Assistant Governor Guy Debelle indulged in some MOPE.   Management Of Perceptions Economics.   Lies, deceit, and propaganda, in other words.   But for those with an ear to hear, and an inclination to check the “authorities’” claims, what he really did – unintentionally – was to give us a heads up.   That our Too Big To Fail banks (TBTF) are going to get bailed out, sooner rather than later.   Go grab a modest quantity of your favourite beverage, and settle in.  You are about to learn – in detail – why we cannot trust a word the banksters say.   Ready?   Now as expected, the mainstream press all lazily parrotted the “everything’s fine, move along, nothing to see here” headline that Mr Debelle wanted. Here’s a good example, from the nations’ “premier” newspaper:...
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  • doyla66
    doyla66 says #
    "why is the Australian taxpayer on the hook to backstop the banks?.." Why not change this scenario around in favour of the tax p
  • doyla66
    doyla66 says #
    Lisa, 'you're a woman after my own heart', but would you be employable to the press? Hmm, let me think......computer says, "no" r
  • doyla66
    doyla66 says #
    A big read Lisa. Keep them coming.
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Video: http://www.abc.net.au/7.30/content/2012/s3588021.htm Australian Broadcasting Corporation Broadcast: 11/09/2012 Reporter: Nick McKenzie Following our story on the bribery scandal centring on the Reserve Bank of Australia, new evidence raises questions about the RBA's response. Transcript LEIGH SALES, PRESENTER: The scandal over alleged bribery and corruption in companies owned by the Reserve Bank is deepening.Explosive new evidence shows that RBA subsidiaries paid more than $3 million in commissions to a Malaysian arms dealer to secure bank note contracts in Asia. Even after the arms dealer was sacked for corruption, the payments continued with the RBA's approach.The revelations pose serious new questions for Reserve Bank Governor Glenn Stevens about what the bank knew of Australia's worst corporate corruption case.Nick McKenzie has this report, with Richard Baker of The Age.NICK MCKENZIE, REPORTER: The bribery scandal that is engulfing the Reserve Bank of Australias has reverberated across the globe. Last year in Kuala Lumpur, the former assistant...
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  • doyla66
    doyla66 says #
    "incorrect conclusion"(b.s)whistle-blower approached RBA-Deputy2007;Aust-Treasurer ignored & media expose2009. Go figure? Who's ly
  • doyla66
    doyla66 says #
    Well with the names these corrupt go betweens have i would have been inquiring of their status and credibility, which bank they re
  • Denise
    Denise says #
    The 7.30 Report investigation into the RBA and Securency, now deepens the need for a ROYAL COMMISSION INTO THE UTTERLY WICKED AUST
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