Malay banknote conspirator avoids jail

Christian Boillot has avoided jail time over his role in RBA subsidiaries' bribery conspiracy case.
Christian Boillot has avoided jail time over his role in RBA subsidiaries' bribery conspiracy case.

A former banknote executive who confessed to being part of a conspiracy to bribe Malaysian officials has avoided serving a prison sentence in Melbourne.

Christian Boillot, 67, previously pleaded guilty to his role in offering lucrative commissions to middlemen between 2001 and 2003 to secure Malaysian banknote contracts with Reserve Bank of Australia subsidiaries Securency International and Note Printing Australia.

In the Supreme Court of Victoria on Thursday, Boillot was given a two-year-and-six-month prison sentence, but released on a recognisance release order where he must be of good behaviour for two years.

Australian Associated Press