NSW public officials and members of Parliament – allegations concerning corrupt conduct involving Australian Water Holdings Pty Ltd (Operation Credo)
The ICAC is investigating 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 the falsification of 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 Commission has been unable to progress the publication of the Operation Credo report owing to the criminal proceedings being conducted by the DPP against Mr Edward Obeid and Mr Moses Obeid. While those proceedings arise out of the Operations Cyrus and Jasper investigations, the Commission is of the view, in accordance with section 18 of the Independent Commission Against Corruption Act 1988, that the publication of the Operation Credo report during the currency of criminal proceedings may prejudice the right of the accused to a fair trial.
As there are common elements to this investigation and Operation Spicer, the evidence taken in each operation is taken as evidence in both operations.
For information about the Operation Spicer report, published on 30 August 2016, visit this page.
In both operations Credo and Spicer, the Commission also investigated the circumstances in which false allegations of corruption were made against senior SWC executives.