Overview

• Testimonies at the inquiry included a secretly recorded June 2021 phone call in which Helmy admitted the kickback arrangement was “not 100 per cent legal” while urging a contractor to continue paying.
• Covert surveillance footage shown to the commission captured cash handovers from Direct Traffic’s Adam Spilsted to Helmy at a Liverpool meeting last August, causing Spilsted to break down in tears.
• Witnesses described Helmy threatening contractors with cessation of future work orders after they sought to end payments, prompting some to withdraw life savings to comply.
• An outstanding NSW Police warrant remains in effect for Ibrahim Helmy after he failed to appear before the ICAC in May.
• Investigators continue to analyse seized assets from September 2024 raids, including gold bullion, cryptocurrency wallets and millions in cash, as they trace funds across multiple contractor firms.