Second, the memorandum goes through in detail the sequence of events that began with the Reserve Bank Board asking about the use of foreign sales agents by both the companies in April 2006. Thirdly, it gives an account of the way Securency, NPA and the Reserve Bank behaved after the allegations, initially only about Securency, were aired in the media in May 2009.
The memorandum shows how the various documents we have identified, many of which we have provided, fit into the chronology. I would like to go through that now. Request to see policies on the use of agents in 2006 The Reserve Bank Board discussed the issue of the use of agents by the two companies at its meeting in April 2006.