Director gets home detention in ACC bribery case, SFO says 15 Jun 2012
- Forte Funds share purchases prompt disclosure notices Business
- Lee Tamahori seeks $500k through crowd-funding Business
- MARKET CLOSE: NZ shares rise, led by A2, Ebos, Fletcher Business
- Australian dollar above 'fundamental value', RBA says Business
- NZ dollar little changed vs. A$ as RBA keeps rates on hold Business
- Collins inquiry at best a Band-Aid, a permanent fix needed News
- Martin Doyle cartoon: Wrong arm of the law Columns
- David Parker Stand Up: Judith Collins inquiry, John Key News
- SFO charges MightyRiverPower engineer with $2 mln fraud Business
- NZ commodity prices fall for 6th month in August, ANZ says Business
Company director gets home detention in ACC bribery case, SFO says
June 15 (BusinessDesk) – A construction company director has been sentenced to 11 months home detention after pleading guilty to making a $160,000 bribe to a property manager at the Accident Compensation Corp.
Gregory Hutt was a director of Hi-Tech Commercial Interiors when he made the “corrupt payment” in 2009 to former ACC national property manager Malcolm Mason, whose role had included procurement, tendering and lease negotiations for the corporation.
It was a share of Hutt’s profit on a property development he did after being tipped off by Mason that the ACC was looking for new premises in Whangarei. Mason was sentenced in March last year.
According to the Serious Fraud Office statement on the sentencing, the two men had contrived to make the payment look like a loan after media reports in 2010 about the involvement of the SFO in the case. They had developed a personal friendship in the course of Hutt’s company doing fit-outs of office interiors at ACC premises.
The prosecution “reinforces the commitment that law enforcement agencies in New Zealand have to taking a zero-tolerance approach to any case involving bribery of public officials,” SFO chief executive Adam Feeley said.
As well as home detention, Hutt forfeited his $205,659 profit on the property deal and paid $101,294 in tax. He was sentenced today in the Wellington High Court.
2 Sep 2014 News
New Zealand Government Hekia Parata 2 SEPTEMBER, 2014 Maori Battalion’s legacy to be preserved The history of the legendary... more
2 Sep 2014 News
New Zealand Government Amy Adams 2 SEPTEMBER, 2014 Govt funding for Northland, Auckland, Waikato freshwater project Environment ... more
2 Sep 2014 Business News
Article - BusinessDesk SFO charges MightyRiverPower engineer with $2 mln fraud By Paul McBeth Sept. 2 (BusinessDesk) - The ... more
1 Sep 2014 Business News
Article - BusinessDesk NZ terms of trade sets new 40-year high as cheaper imports offset falling exports Sept. 1... more
2 Sep 2014 Lifestyle
The Patriarch PRESS RELEASE: Crowdfunding sought for Lee Tamahori to return home and make second New Zealand film 2 SEPTEMBER... more
14 Aug 2014 Property
New Zealand house sales fell in July as winter cooled the appetite of house hunters while a drop in properties selling for $400,000... more
7 Aug 2014 Property
Aug. 7 (BusinessDesk) - New Zealand property values rose at the slowest annual pace in 13 months in July as rising interest rates,... more
20 Aug 2014 Migration
Statistics NZ puts out detailed data on different ethnic groups, down to the 108 people from the Isle of Man. Did you know there are... more
28 Aug 2014 Travel & Tourism
Aug. 28 (BusinessDesk) - Jetstar, the discount unit of Australian airline Qantas Airways, lost ground in New Zealand, while claiming... more
2 Sep 2014 Sport
Equestrian Sports New Zealand Vaulting and Showjumping take Centre Stage at WEG New Zealand representatives in vaulting and... more
2 Sep 2014 Netball
The Haier Pulse will once again face the reigning champions in the first round of the ANZ Championship, with a trip to Melbourne to... more
2 Sep 2014 Opinion
Opinion - Martin Doyle Martin Doyle cartoon: Wrong arm of the law more
1 Sep 2014 Opinion
Gordon Campbell on John Key’s ‘blame it on Judith’ strategy Right now, Prime Minister John Key seems intent... more
20 Aug 2014 People
We're expecting big things from Harman Grubisa, the new label from Auckland-based friends Madeleine Harman (right) and Jessica... more
22 Aug 2014 Recruitment
The loss of up to 100 jobs at Croxley stationery in Auckland is devastating news for their families and the local Avondale... more