Nepal involved in the largest corporate scandal in Australian history

Nepal has recently appeared in the Australian media for being involved in the largest corporate scandal in Australian history. Do you remember the Rs. 10 polymer notes (more popular as the plastic notes) that were introduced in Nepal in 2002? They were delivered to Nepal Rastra Bank (NRB) by an Australian company Note Printing Australia (NPA). The poor quality notes drew serious criticism when they were introduced and were rejected by the NRB after receiving the first lot of notes in September 2002. Well, guess what? NPA won the note-printing contract by bribing NRB officials. According to the report in MyRepublica, the total printing contract was worth AUS $3 million (Rs 130 million at 2002 exchange rates), of which Rs 5.22 million (4 percent of the contract amount) was paid as bribe to Nepali politicians and central bank officials.