Home > Industry > CBA IT Exec Pleads Guilty To $2.9 Million Bribery Charge

CBA IT Exec Pleads Guilty To $2.9 Million Bribery Charge

CBA IT Exec Pleads Guilty To $2.9 Million Bribery Charge

Former top Commonwealth Bank IT executive Keith Hunter – a US citizen – has pleaded guilty to bribery offences involving a multimillion-dollar contract between the bank and US software company Servicemesh, a subsidiary of CSC.

The 62-year-old Hunter, the bank’s former executive GM of IT engineering, in a Sydney court on Friday pleaded guilty to two counts of bribery. He will appear for sentencing on December 5.

His lawyers claimed an “unethical investigation” had bankrupted and broken him, leaving Hunter with no choice but to capitulate to the Australian Government’s demands.

Hunter was charged with bribery offences in March last year along with New Zealand colleague Jon Waldron. The two were accused of receiving about $2.9 million in bribes to award tens of millions of dollars worth of CBA’s IT work to Servicemesh.

Waldron faces seven counts of bribery and is next due before Sydney Downing Centre District Court on July 21.

You may also like
Millennials to Spend $1000 On Xmas Gifts
AI-ATMS To Use Facial Recognition
New ‘Digital Banks’ Emerge To Challenge Australia’s Big Four
10K ComBank Memos Go Astray
New Money-Laundering Claims Emerge: CBA Problems Deepen