Worrying Revelations On Foreign Bribery

Revelations from today's Senate Economics Committee inquiry raise serious concerns about the ability of Australian law enforcement agencies to act swiftly on allegations of foreign bribery.

THE HON MARK DREYFUS QC MP

SHADOW ATTORNEY-GENERAL

MEMBER FOR ISAACS

 

THE HON DAVID FEENEY MP

SHADOW MINISTER FOR JUSTICE

MEMBER FOR BATMAN

 

SENATOR CHRIS KETTER

CHAIR, ECONOMICS REFERENCES COMMITTEE

SENATOR FOR QUEENSLAND

 

WORRYING REVELATIONS ON FOREIGN BRIBERY

 

Revelations from today's Senate Economics Committee inquiry raise serious concerns about the ability of Australian law enforcement agencies to act swiftly on allegations of foreign bribery.

 

Stephen Sasse, a former senior executive of Leighton Holdings, gave testimony that the company was paying bribes to gain lucrative overseas contracts.

 

Mr Sasse testified that he was forced out of the company after raising concerns with the board.

 

He emphasised that the response of Australian law enforcement agencies had been underwhelming, and noted the low rate of successful prosecutions in the area of foreign bribery.

 

Today’s evidence indicates that improvements can be made, including possible changes to legislation and ensuring better coordination between AFP and ASIC on foreign bribery matters.

 

Labor is examining this issue closely and considers it to be a high priority for reform.

 

FRIDAY, 22 APRIL 2016