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RBA, ASIC must answer to Parliament on corruption claims: Bandt

Media Release
Adam Bandt 30 Sep 2013

Greens Deputy Leader, Adam Bandt, has called for an inquiry into the Reserve Bank of Australia following disturbing new claims of illegal approaches to Saddam Hussein's regime, as well as demanding ASIC explain why it is turning a blind eye to the RBA's corporate activities.

"Most Australians would be shocked to know their central bank was using their money to line up dirty deals with Saddam Hussein," said Mr Bandt.

"The stench surrounding the Reserve Bank gets worse and a full inquiry is needed to clear the air."

"The claim that RBA officials misled Parliament is disturbing. When Parliament resumes, the Greens will move to have RBA officials appear before a parliamentary committee to answer these serious allegations."

"Also appalling is the utter failure of ASIC, our corporate regulator, even to investigate sustained claims of wrongdoing within the corporate activities of the Reserve Bank."

"ASIC throws the book at a lone global warming activist who sends out a press release, yet turns a blind eye to repeated claims of sustained corporate corruption in the Reserve Bank."

"The Greens will ask ASIC to explain to Parliament why it has failed to investigate serious and repeated claims of illegality within the RBA's corporate activities."

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