NAB shocked! Shocked! At new corruption allegations

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Via Banking Day:

…the allegations started to fly after police raids on two business premises and a private home.

The action this week is the next stage in a process that started earlier this year, when detectives from the NSW State Crime Command’s Financial Crimes Squad established Strike Force Napthali to investigate allegations of corrupt commissions being paid for contracts.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.