Two executives of the Commonwealth Bank have been indicted by a US federal grand jury in a case of alleged bribery involving IT services company ServiceMesh which was based in Santa Monica, California.
Former Commonwealth Bank (CBA) IT executive Keith Hunter has pleaded guilty to bribery/kickbacks in a case that has two sides to it – did CBA get the best outcome and just how much does this represent a tip of the iceberg culture?
The latest chapter of an ongoing scandal involving two senior IT executives at CBA, who have been charged by NSW police for alleged bribery, services giant CSC, and a US entrepreneur that sold his cloud services company to CSC, has seen US not-for-profit ACE Foundation launch a lawsuit against CBA seeking the return of US$2.53 million paid to the CBA executives.
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