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Liberal operative denies inventing $5m deal record at corruption inquiry

Created at 9 Sep · 2:51 AM1 source↑ Market-relevant
IN SHORT

A Liberal operative has denied fabricating a "pink" note detailing a potential $5 million agreement with a fugitive developer, Jean Nassif, as part of a corruption inquiry. The operative, Jeremy Greenwood, stated the note was not a recent invention, despite not mentioning it in a prior interview.

Key Numbers

$5mpotential value of agreement with developer
$2malleged payments from developer
2020 and 2023period of alleged payments
$1mpayment per project for fast-tracking
fivemaximum number of projects
$30,000payment to executive for legal costs

Who's Involved

Jeremy Greenwood
Liberal operative denying fabricating a note at corruption inquiry
Jean Nassif
Fugitive developer allegedly making payments for political outcomes
Independent Commission Against Corruption (Icac)
Corruption watchdog investigating alleged payments and political outcomes
Charles Perrottet
Brother of former premier, denies taking illegal political donations
Christian Ellis
Co-controlled lobbying company with Greenwood, overseas
Peggy Dwyer SC
Counsel assisting Icac, questioned Greenwood's evidence
Sharangan Maheswaran
Toplace executive and solicitor, person of interest in separate Icac allegation

↳ Why This Matters

The testimony is part of a corruption inquiry investigating potential illegal political donations and influence peddling involving a property developer and political figures, potentially impacting public trust in political processes and regulatory oversight.

Key facts

  • Liberal operative Jeremy Greenwood denied fabricating a "pink" note detailing a potential $5 million agreement with developer Jean Nassif.
  • The note was not mentioned in Greenwood's preliminary interview with the Independent Commission Against Corruption (Icac).
  • Icac is investigating claims that Greenwood, Charles Perrottet, and Christian Ellis received $2 million from Nassif for political outcomes.
  • Greenwood stated he had a verbal agreement with Toplace executive Sharangan Maheswaran for legal costs, paying him $30,000.
  • Maheswaran is a person of interest in a separate Icac allegation.

A Liberal operative, Jeremy Greenwood, has denied fabricating a "pink" or "fuchsia" note that he claims records an agreement with fugitive developer Jean Nassif for up to $5 million. Greenwood testified before the Independent Commission Against Corruption (Icac) on Wednesday, stating the note was not a "recent invention," despite him not mentioning it in a preliminary interview with the watchdog.

Icac is investigating allegations that Greenwood, Charles Perrottet (brother of former premier Dominic Perrottet), and Christian Ellis received a combined $2 million in payments from Nassif between 2020 and 2023 in exchange for political outcomes. Greenwood and Charles Perrottet have denied any wrongdoing.

Earlier in the week, Greenwood told the commission about a verbal agreement where his lobbying company, Beckington, controlled by him and Ellis, would receive $1 million for each of up to five Toplace projects if they could be fast-tracked. He described the only written record of this agreement as a folded "fuchsia" or "purple-pink" note once stored in a phone case.

During cross-examination, counsel assisting Icac, Peggy Dwyer SC, suggested Greenwood had invented the note to explain the arrangement, a suggestion Greenwood rejected. Dwyer also questioned Greenwood about his arrangement with Toplace executive Sharangan Maheswaran, who acted as his solicitor. Greenwood admitted paying Maheswaran $30,000 under a verbal agreement for costs, stating "If I worked him hard, I’d give him some money." Dwyer highlighted the conflict of interest in Maheswaran advising Greenwood while Toplace was challenging payments to Greenwood's company.

Maheswaran, named as a person of interest in a separate Icac allegation, is expected to testify later in the week. Jean Nassif is scheduled to appear via video link from Lebanon.

Frequently asked questions

Icac is an independent body in New South Wales, Australia, responsible for investigating corruption and maladministration in the public sector.

The investigation involves Liberal operative Jeremy Greenwood, Charles Perrottet, Christian Ellis, and developer Jean Nassif, looking into alleged payments for political outcomes.

The "pink" note is presented by Jeremy Greenwood as a record of a $5 million agreement with Jean Nassif, but its existence and timing are being questioned by Icac.

The alleged conflict of interest involves Sharangan Maheswaran acting as a solicitor for Jeremy Greenwood while also being involved with Toplace, a company challenging payments to Greenwood's firm.

What Happens Next

01Sharangan Maheswaran is expected to appear before the commission.
02Jean Nassif is scheduled to appear via video link from Lebanon.

How It Developed

Jeremy Greenwood told the Independent Commission Against Corruption (Icac) that a "pink" or "fuchsia" note was a record of an agreement with developer Jean Nassif.
Greenwood stated the note was not a recent invention, despite not mentioning it in a preliminary interview.
Icac is investigating allegations that Greenwood, Charles Perrottet, and Christian Ellis received $2 million in payments from Nassif for political outcomes.
Greenwood and Charles Perrottet have denied taking illegal political donations.
Greenwood previously told the commission about a verbal agreement where his lobbying company would receive $1 million per project for fast-tracking Toplace projects.
Counsel assisting Peggy Dwyer SC suggested Greenwood invented the note to explain the arrangement.
Greenwood stated he paid Toplace executive Sharangan Maheswaran $30,000 for legal costs under a verbal agreement.
Dwyer highlighted the obvious conflict of interest in Maheswaran acting as solicitor for Greenwood while Toplace challenged payments to Greenwood's company.

Sources

T1
Liberal operative denies he invented pink paper record of agreement with fugitive developer, Icac hearsThe Guardian

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