The Commonwealth Bank's former head of IT operations Keith Hunter has changed his plea in an IT bribery case to guilty, and will face sentencing later this year.
Hunter and former colleague Jon Waldron were charged early last year with several counts of bribery for allegedly accepting more than $2 million in kickbacks from the head of ServiceMesh, an IT supplier to the bank, in exchange for awarding the company a $10.5 million contract with CBA.
Both Hunter and Waldron originally plead not guilty to the charges.
However Hunter has now admitted guilt in the scandal.
He appeared in court this morning as Judge Flannery set down his sentencing date for December 5.
iTnews has sought detail on the two specfic charges Hunter has pleaded guilty to. The guilty plea has the potential to reduce any jail time awarded at his sentencing.
His co-accused Waldron is due back in court on July 21.
A CBA spokesperson said the bank was continuing to co-operate with NSW Police throughout the investigation.
"We considered that the suspicious activity of these individuals was serious, that’s why we took the step of reporting their activity to the NSW Police," the spokesperson said.
