Vietnam, Sweden collaborate in investigating banknote scandal

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Vietnamese investigators are collaborating with Swedish justice officials in pursuing graft charges in an international banknote material supply scandal.


The Prime Minister has ordered Vietnam's highest prosecutorial authority to investigate allegations of misconduct related to sales brokered by Securency International, Pham Anh Tuan, Deputy Chief of the Central Committee for Anti Corruption told Tuoi Tre.


Prosecutors are reviewing related documents provided by Swedish justice agencies, Tuan added.


In May 2009, Australian Federal Police began investigating the Australian banknote material supplier after allegations surfaced that the firm had engaged in the systemic bribery of foreign officials for over a decade, according to The Age.


Police in Securency's customer countries (e.g. England, Malaysia and Sweden) have also launched investigations and made several arrests, Tuoi Tre reported.


Vietnam has been proactive in seeking information from Swedish officials, Ambassador Jean Hubert Lebet told the Vietnamese newspaper.


Due to the absence of a mutual jurisdiction agreement, the cooperation will be attempted via diplomatic channels, he said.


On Wednesday The Age reported that the Reserve Bank of Australia has decided to sell Securency, which the institution has partially-owned and overseen since 1996.


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