Operation Credo public notice

Tuesday 18 February 2014

The NSW Independent Commission Against Corruption (ICAC) is investigating allegations of corrupt conduct involving:

  1. whether, between 2004 and 2012, persons having an interest in Australian Water Holdings Pty Ltd (its predecessors and its subsidiaries) obtained a financial benefit as a result of adversely affecting official functions of Sydney Water Corporation by inflating charges made to Sydney Water Corporation and deliberately preventing Sydney Water Corporation from ascertaining whether the charges were justifiable
  2. whether, in 2010, public officials and others were involved in the falsification of a cabinet minute relating to a public private partnership proposal made by Australian Water Holdings Pty Ltd, with the intention of misleading the NSW Government Budget Cabinet Committee and obtaining a benefit for Australian Water Holdings Pty Ltd
  3. whether, in 2010, the Hon Edward Obeid MLC, the Hon Joseph Tripodi, and the Hon Anthony Kelly MLC misused their positions as members of parliament to attempt to influence public officials to exercise their official functions with respect to a public private partnership proposal by Australian Water Holdings Pty Ltd submitted to the NSW Government Budget Cabinet Committee
  4. whether, on or about 20 November 2012, Nicholas Di Girolamo and Edward Obeid Junior created a false instrument, namely a deed of confirmation, with a view to misleading the ICAC and any future investigation into whether the Hon Edward Obeid MLC misused his position as a member of parliament to attempt to influence public officials to exercise their official functions with respect to a public private partnership proposal by Australian Water Holdings Pty Ltd submitted to the NSW Government Budget Cabinet Committee in 2010
  5. The circumstances in which false allegations of corruption were made against senior executives of Sydney Water Corporation (see also Operation Spicer).

The Commission will also examine the circumstances that led to the signing of the current contract between Sydney Water Corporation and the successor to Australian Water Holdings Pty Ltd.

As part of its investigation, the ICAC will hold a public inquiry starting at 10:00 am on Monday 17 March 2014 at Level 7, 133 Castlereagh Street, Sydney. This public inquiry will also be a subject of a directions hearing to be held at the above premises on Wednesday 5 March 2014 at 3 pm.

Persons claiming to be substantially and directly interested in this matter may seek leave to be represented at the inquiry, and are invited to contact Ms Meaghan Fleeton or Mr Karl Prince on (02) 8281-5999 to advise of their interest.

Members of the public with information relevant to the investigation are encouraged to provide it in writing at GPO Box 500, Sydney NSW 2001, by email to icac@icac.nsw.gov.au or by facsimile (02) 9264-5364. The ICAC will treat all information confidentially and has legislative powers to protect people who provide information to the Commission.

Roy Waldon
Solicitor to the Commission