Corrupt Commonwealth executive who accepted $2.8MILLION in kickbacks learns his fate
A disgraced Commonwealth Bank IT director has been jailed after taking bribes worth $2.8 million.
Jon Waldron, 53, was sentenced to a maximum of six years and eight months behind bars in the NSW District Court on Friday.
Waldron was found guilty in May of seven charges of corruptly receiving $1.9 million in reward for helping US IT company ServiceMesh win two major contracts with CBA.
Waldron, the former general manager of IT infrastructure engineering, had received the millions of dollars without his employer’s knowledge.
He was also found guilty of three charges of aiding his co-defendant, Keith Hunter. Hunter was jailed for three years in 2016.
Waldron, a New Zealander, was fired from CBA in 2014 after bank investigators discovered he had received suspicious payments into his account.
Waldron had previously pleaded not guilty to the charges and Judge Phillip Mahony said the 53-year-old ‘showed no remorse for his offending’.
“The perpetrator has continued to protest his innocence and has appealed his conviction,” Judge Mahony said.
Jon Waldron, 53, (pictured) was sentenced to a maximum of six years and eight months behind bars in the NSW District Court on Friday for accepting the huge kickbacks
Judge Mahony said Waldron had not made any progress in his rehabilitation, and was focused on how his offending only affected him financially and emotionally, and not the wider community.
“Despite this, I accept that he is at low risk of reoffending as he is unlikely to be able to obtain employment in a position of trust in the future,” Judge Mahony said.
Waldron will be eligible for parole on July 13, 2028.
In his role, Waldron was in charge of 250 employees and managed a $740 million budget.
ServiceMesh’s main shareholder, Eric Pulier, has denied all allegations.
Commonwealth Bank was unaware that Waldron had received the money to help the IT company win major contracts (stock image)