The New South Wales Independent Commission Against Corruption (ICAC) has recommended Sydney developer Ron Medich and three members of an Aboriginal Land council be referred to prosecutors over bribes.

The ICAC found Ron Medich and his former sidekick Lucky Gattellari acted corruptly by offering $200,000 in bribes and other benefits to the Wagonga Land Council on the NSW south coast.

It says the bribes were paid during negotiations to sell, develop and lease properties near Narooma owned by the land council.

The matter has been referred to the Director of Public Prosecutions (DPP) to consider prosecuting Medich and three land council members - then chairman Ron Mason, coordinator Ken Foster and chief executive Vanessa Mason.

The ICAC is not recommending Gattellari be prosecuted because of the assistance he gave investigators.

Medich and Gattellari are currently before the court on charges over the murder of businessman Michael McGurk.

Lawyers for Medich have released a statement saying the case against the client has "a paucity of admissible evidence" to support a criminal prosecution.

They say Medich will vigorously defend any charges against him.