According to the reports of Fairfax Media, a private equity fire sale could allow the Reserve Bank of Australia to take full control of the Securency International Ltd before selling its entire stake in the bank note making firm. Securency International Ltd is a joint venture of the Reserve Bank of Australia and UK plastics producer Innovia Films and the firm is under investigation alleged of paying bribes to the senior politicians and banking officials through agents to get the contracts.

The Innovia Films was bought in the year 2004 by the funds management arm of Candover Investments, Candover Partners. The Candover Investments said in a statement in September that it would conduct an asset fire sale which would make the RBA to 100% ownership of the company.

Meanwhile the Fairfax Media said the RBA was already willing to sell its stake in the company when the Candover Investment announced about the sale of its assets.

Candover was the prominent private equity investor in the UK and Europe during the financial crisis in the world but the firm shut is main private equity fund in the month of January as the firm failed to inject new capitals to its business.