Following allegations of corruption at senior level, the troubled New South Wales (NSW) Grains Board will soon find itself the subject of an investigation by the NSW Independent Commission Against Corruption (ICAC).

The future of the Grains Board is already in question after losses of at least A$100m led the state’s supreme court to admit it was thinking about closing the operations of the board.

The NSW Auditor-General made the announcement of the investigation yesterday within a report.