A disgraced Commonwealth Bank IT executive has been jailed after accepting bribes worth $2.8 million.
Jon Waldron, 53, was sentenced to a maximum of six years and eight months in prison in the New South Wales District Court on Friday.
Waldron was found guilty in May of seven counts of corruptly receiving $1.9 million as a reward for helping US IT company ServiceMesh win two large contracts with CBA.
Waldron, a former general manager of IT infrastructure engineering, received the millions of dollars without his employer’s knowledge.
He was also found guilty of three counts of aiding and abetting his co-accused, Keith Hunter. Hunter was sentenced to three years in prison in 2016.
Waldron, a New Zealand citizen, 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 crime”.
“The offender has continued to protest his innocence and has appealed his convictions,” Judge Mahony said.
Jon Waldron, 53, (pictured) was sentenced to a maximum of six years and eight months behind bars in the New South Wales District Court on Friday for accepting massive bribes.
Judge Mahony said Waldron has made no progress in his rehabilitation and focused on how his offending only affected him financially and emotionally, not the wider community.
“Despite that, I accept that your risk of reoffending is low given that you are unlikely to be able to obtain employment in any 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 budget of $740 million.
ServiceMesh’s largest shareholder, Eric Pulier, has denied any wrongdoing.
Commonwealth Bank was unaware Waldron had received the money to help IT company win major contracts (file image)