The former company secretary and chief financial officer of Securency International, David Ellery, yesterday entered a guilty plea in the Supreme Court of Victoria on a charge of false accounting. The Age
reported on the plea.
The charge related to a payment of A$79,502 to a Kuala Lumpur-based "arms broker".
Ellery will testify for the prosecution at forthcoming trials of several Securency colleagues. The company is also a respondent to criminal charges.
The Reserve Bank of Australia, through Note Printing Australia, owns a half share in Securency. The firm manufactures substrate used in production of plastic banknotes.
Allegations of corrupt dealings at the firm were first reported by The Age in 2009.