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RBA governor called to testify before parliamentary committee

THE Reserve Bank governor, Glenn Stevens, his former deputy and the whistleblower who exposed alleged corruption inside the Reserve’s subsidiaries will all be called to testify about the scandal before Federal Parliament.
Nanjing Night Net

In a development that will intensify pressure on Mr Stevens, a joint parliamentary committee intends to grill the governor, his former deputy Ric Battellino and Brian Hood, the former RBA banknote executive turned police witness.

The revelation that the trio have been called to the October 4 joint committee comes after explosive evidence was aired yesterday in a Melbourne court about how the RBA had allegedly persecuted Mr Hood after he became a whistleblower.

The three men will appear before the joint committee on the Australian Commission for Law Enforcement Integrity, which is examining Commonwealth agencies’ exposure to overseas corruption.

The decision to call the men to testify comes after a series of reports in the Herald revealing:

Growing evidence that contradicts Mr Stevens’ previous parliamentary testimony that the first the Reserve knew of corruption inside its banknote firm Securency was after the Herald’s 2009 expose´ in 2009, two years after Mr Hood told Mr Battellino about his allegations in June 2007.

Mr Hood said yesterday that Mr Battellino had “listened intently” throughout a detailed briefing, which included allegations that a Malaysian agent working for NPA and Securency had admitted paying bribes.

“We discussed all the matters … that’s why it took 90 minutes,” Mr Hood said.

When asked by defence barrister Jason Gullaci whether he stood by his claim that he had been forced out of his job by RBA assistant governor Bob Rankin in the face of contradictory evidence, Mr Hood told the court that his job had been ”scrapped”.

In an email to police in 2010, aired in court, Mr Hood revealed he was considering suing the RBA over his claimed mistreatment, saying: “My career has been damaged in the process … I am of the view that the RBA/NPA treatment of me was harsh.”

The Reserve Bank declined to comment yesterday.

This story Administrator ready to work first appeared on Nanjing Night Net.