MEDIA ALERT: Public inquiry into alleged corruption involving public officials and persons with interest in Australian Water Holdings starts Monday

Friday 14 March 2014

The NSW Independent Commission Against Corruption (ICAC)'s public inquiry into corruption allegations involving public officials and persons with an interest in Australian Water Holdings Pty Ltd (Operation Credo) will commence next Monday 17 March 2014 at 10:00 am.

Operation Credo is examining allegations that persons with an interest in Australian Water Holdings Pty Ltd (AWH) obtained a financial benefit through adversely affecting the official functions of Sydney Water Corporation (SWC) by: including expenses incurred in other business pursuits in claims made on SWC for work on the North West Growth Centre; drawing from funds allocated for other purposes; and preventing SWC from ascertaining the true financial position, including the level of the executives' remuneration.

The Commission is also investigating whether public officials and others were involved in falsifying a cabinet minute relating to a public private partnership proposal made by AWH intended to mislead the NSW Government Budget Cabinet Committee and obtain a benefit for AWH, and other related matters.

The ICAC is also investigating the circumstances in which false allegations of corruption were made against senior SWC executives (see also the Commission's upcoming Operation Spicer public inquiry).

The ICAC Commissioner, the Hon Megan Latham, will preside at the public inquiry, which has been set down for three weeks. Counsel Assisting the Commission will be Mr Geoffrey Watson SC and Mr Greg O'Mahoney.

A short media briefing will be held from 9:30 am on procedural and logistical matters. A witness list for the first week of the public inquiry is attached. Please note that this list is subject to change.

Time:               9:30 am (short media briefing)
                     10:00 am (public inquiry commences)

Date:             Monday 17 March 2014

Location:       ICAC Hearing Room
                     Level 7, 133 Castlereagh Street, Sydney

Media contact:
ICAC Manager Communications and Media, Nicole Thomas, 02 8281 57399 / 0417 467 801