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CBA exec jailed for bribe-taking

21 December 2016 5:27PM
A former Commonwealth Bank technology executive, Keith Robert Hunter, who pleaded guilty to bribery, was yesterday sentenced in the NSW District Court to three and a half years in jail, with a non-parole period of two years and three months.  Hunter, head of IT delivery servi es for CBA and another senior IT computing colleague, Jon Waldron, were accused of taking a combined total of A$2.9 million in kickbacks from US entrepreneur Eric Pulier, who was trying to boost revenues at ServiceMesh ahead of a multi-million sale to tech giant CSC, the Australian reported. The Australian revealed in April that CBA was warned more than a year in advance of the matter coming to the police that the $10.5 million contract at the centre of the scandal would "hurt the bank" and should not go ahead. The contracts helped ServiceMesh win an additional $US98 million of payments from Computer Sciences Corporation the year after it was acquired by CSC for $US163 million in 2013. The pair's fortunes began to unravel when CBA discovered suspicious payments being made to their bank account, which it referred to the NSW Police. Another CBA executive, Marcus Nicholson, who flagged his concerns over the ServiceMesh contract, was made redundant from the bank in 2014, eight weeks after taking his concerns as high as possible, as the Australian has reported.

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