A ‘grubby rumour’ and a $5m extortion attempt: former Toplace executive gives Icac evidence

A former executive of Toplace has given evidence to the New South Wales anti-corruption watchdog, Icac, regarding a purported extortion attempt and an unsubstantiated rumour about a then-Liberal minister. The executive, Sharangan Maheswaran, claimed that a $5 million request was actually a legitimate payment for a contractor. This development may raise questions about the credibility of the evidence presented to Icac. It could also have implications for the ongoing investigation into Toplace and its dealings with government officials.

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The story is about a former executive giving evidence in an inquiry. It does not have any direct relation to market trends or economic changes.

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