One of Eddie Obeid's sons has told the Independent Commission against Corruption (ICAC) that he tried to set up business meetings through his father to save the New South Wales Government millions of dollars.

The ICAC is investigating allegations former Labor minister Mr Obeid arranged meetings with former treasurer Michael Costa to secure work for a health services company secretly owned by the Obeid family.

The company, Direct Health Solutions, is based on a public sector model in the UK and provides an outsourced absenteeism management system.

It has secured contracts worth hundreds of thousands of dollars with government departments.

Paul Obeid, one of Eddie Obeid's nine children, say he is "meant to be" the second eldest in the family but told the inquiry "my brother Moses obviously thinks he's up the pecking order".

Paul Obeid said Mr Costa was and still is his father's political ally and admitted asking his father to arrange a meeting between Mr Costa and businessman Paul Dundon, who was starting up Direct Health Solutions.

Paul Obeid said he asked for the meeting because he thought the company might save the New South Wales Government tens of millions of dollars.

Key points: ICAC probing deals over company linked to Obeid family

ICAC probing deals over company linked to Obeid family Paul Obeid says he asked for meeting with Michael Costa to save Government money

Paul Obeid says he asked for meeting with Michael Costa to save Government money Paul Obeid insists he didn't tell his father Eddie it was a family business

Paul Obeid insists he didn't tell his father Eddie it was a family business ICAC also shown video of raid on Obeid family office in 2011

After it was suggested to Paul Obeid that he acted out of "altruism", Assistant Commissioner Anthony Whealy quipped "That doesn't sound like you".

Documents show the Obeid family trust owned 100 per cent of the company, but Paul Obeid insisted he "didn't tell his father" it was a family business.

He said the Obeid boys do not always consult their father on business matters and he does not know if Eddie Obeid is a beneficiary of the family trust.

The inquiry has heard Paul Obeid and family associate Rocco Triulcio invested at least $300,000 in the company in 2005 but have since been bought out.

Sorry, this video has expired Watch footage of a raid on an Obeid family office

The ICAC was also shown a video of a raid on the Obeid family office at Birkenhead Point in 2011.

The raid found $31,000 in bundles of cash, alleged to be a week's worth of takings from the family's Circular Quay cafes.

The ICAC is investigating if Eddie Obeid corruptly lobbied for the cafe leases to be renewed without a tender.

In the video, Obeid employee Paul Maroon is asked if there is anything else valuable in the safe.

He replies "footy tickets", and laughs.