Helmy, a former Transport for NSW official, admitted to giving developer friend Adam Taki a $1 million loan for construction projects, which he did not expect to be repaid, and arranged for free concrete as part of his corrupt dealings.

During questioning, Helmy denied that Wayne Harrison owed him money and disputed selling free concrete for cash, although he acknowledged discussing such activities.

Ibrahim Helmy was involved in a corruption scheme where he discussed awarding large contracts to certain companies in exchange for kickbacks, including free concrete and cash, with evidence of multiple such arrangements.

Helmy suggested that concrete could be used as a form of payment and was involved in arranging free concrete from contractors, sometimes proposing that contractors pay him in concrete instead of cash.

After being on the run for four months, Helmy was found hiding in a cupboard and remains in custody as part of the ongoing ICAC investigation into corruption at Transport for NSW, known as Operation Wyvern.

Helmy admitted to receiving approximately $686,000 in cash from contractor Wayne Harrison and transferred around $250,000 from his salary into cryptocurrency, ultimately loaning about $1 million to Taki without expecting repayment.

The ICAC investigation uncovered that Helmy's broader scheme involved receiving at least $11.5 million in kickbacks from contractors for awarding contracts worth over $343 million, along with pocketing cash and gold bullion.