A former sales manager with Securency International yesterday reversed his plea on a charge of false accounting.Clifford John Gerathy, 68, of Maroubra, entered a plea of guilty at the Supreme Court of Victoria. A long serving employee of the Reserve Bank of Australia, Gerathy moved across to the RBA's subsidiary Note Printing Australia in the 1990s, in time becoming part of the sales team for the RBA's associate company, Securency International.First charged in 2011, Gerathy had finally been due to face trial two weeks ago, but the matter did not get as far as empanelling a jury.After days of legal argument, Justice Kevin Bell handed down a ruling on Friday, telling Tony Thomas, counsel for Gerathy, that "it could destroy your defence." Bell went on to advise Thomas that he and his client needed to "consider your position" over the weekend.Gerathy has admitted to a charge that, "at Craigieburn in Victoria and other places, on or about 12 July 2006, [he] dishonestly and with a view to gain for another, falsified a document made or required for an accounting purpose."The charge further elaborated that Gerathy "concurred in the making in a document of an entry which was false, namely a debit note from Aksavest to Securency Pty Ltd which falsely described the costs payable as related to marketing and other expenses."The prosecution asserted that Gerathy "acted dishonestly by acting without any belief that Aksavest was legally entitled to make a debit note describing costs payable as related to marketing and other expenses in the amount of A$79,502, or any amount."The accused acted with a view to gain for another, namely Mr Abdul Kayum Syed Ahmad." Aksavest is an investment company from Malaysia controlled by Kayum, who acted as agent for Securency. In 2011, authorities in Malaysia charged Kayum with two counts of giving RM50,000 bribes in 2004 and 2005 to former Bank Negara assistant governor Datuk Mohamad Daud Dol Moin to procure a contract to print the notes.Mohamad Daud was also charged with receiving the bribe, but both he and Kayum were acquitted.