The former boss of Victoria’s rail agency breached its code of conduct by suggesting that a government joint venture should grant him an equity stake, the state’s auditor-general has found after investigating how $20 million of taxpayer funds were lost on a company created to remotely monitor bridges.
Former VicTrack CEO Campbell Rose, who left the agency on February 7 after a year of unexplained leave, made decisions at Eloque, a joint venture between VicTrack and US company Xerox, that went “against the code of conduct, the requirements of his employment contract and the terms of his secondment to Eloque”, the inquiry found.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
