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Australian bank executive charged with 2 million AUD bribery

Xinhua, March 18, 2015 Adjust font size:

A former IT executive at the Commonwealth Bank will face court on Wednesday charged with bribery offenses involving almost 2 million Australian dollars (1. 5 million U.S. dollars).

The arrest follows an investigation involving police officers from New South Wales (NSW) and the Federal Bureau of Investigation in the United States.

The 61-year-old American living in Sydney was charged with two counts of bribery following an investigation into more than 1.5 million U.S. dollars in corrupt payments allegedly being made to two of the bank's former staff.

Police said in a statement that the two former bank employees were involved in a corrupt relationship with a U.S. technology provider.

Police alleged the former IT manager at the bank granted a U.S. company a contract in return for bribes.

The Commonwealth bank, Australia's largest bank, contacted NSW Police earlier this year after it discovered suspicious payments that had been deposited into the accounts of senior IT staff. Endi