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Former CommBank IT Exec Charged Over $2mil. Bribery case

Former CommBank IT Exec Charged Over $2mil. Bribery case

The 61-year-old former IT executive was arrested at a residence in Surry Hills. Sydney, and charged with two counts of bribery, He was then released on strict bail conditions.

His arrest follows an investigation into almost $2 million in allegedly corrupt payments said to have been made to two of the bank’s former staff.

Hunter has plead not guilty to charges that he – along with another former CBA IT executive – was involved in a corrupt relationship with a US-based technology provider.

NSW Police claim Hunter and the other IT manager awarded the technology company a “lucrative contract without putting it to public tender”, later receiving payments from the company in return.

Hunter served as the bank’s head of IT delivery services for three years until last December, when he stepped down for “personal reasons”.

He had joined CommBank in 2011 as its executive GM of infrastructure and operations, following a previous long-term stint at Visa, where he last worked as its global head of operations. “We have no tolerance for any illegal activity by any employee and we take every situation seriously,” a CBA spokesperson said.

“It is not appropriate to make further comment while this matter is before the court.”

NSW Police was contacted by the bank earlier this year after CBA discovered allegedly suspicious payments had been deposited into the bank accounts of the two former IT senior staff.

Since setting up Strike Force Drawl to investigate the matter, police have frozen almost $2 million in suspected corrupt payments.

NSW Police said they want to speak to the second former IT manager, who is currently overseas and has asked the US FBI to assist with the investigation