Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


Former gas industry managers imprisoned

Former gas industry managers imprisoned


A former Managing Director and a former General Manager from the retail gas industry have been sentenced in the Wellington District Court today in relation to Crimes Act charges laid by the Serious Fraud Office (SFO).

Ronald Peter Rosenberg (72) and Sydney Lio Hunt (46) were found guilty in April this year of dishonestly using documents involving at least $9.75 million of fraud.

Mr Rosenberg has been sentenced to three years’ imprisonment and $400,000 reparation and Mr Hunt has been sentenced to three and a half years’ imprisonment.

The pair had faced 82 criminal charges following an investigation into retail gas supplier E-Gas Limited (E-Gas).

The investigation uncovered that between April 2005 and October 2008 Mr Rosenberg and Mr Hunt deliberately under-reported the quantity of gas supplied to its retail customers by approximately 950,000 gigajoules.

SFO Director, Julie Read said, “We hope that these sentences send a message that dishonesty, fraud and the manipulation of industry rules on the part of employees in positions of responsibility and trust will not be taken lightly and penalties will be imposed upon those who abuse their authority.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Trade Threat Rumours: PM Censures Trade Minister For 'Head Of A Pin' Answers

Prime Minister John Key has censured his newbie Trade Minister, Todd McClay, for "dancing on the head of a pin" in answers he gave to both Key and news media when first asked about alleged trade threats from China over steel imports. More>>

ALSO:

Gordon Campbell: On The IOC’s Treatment Of Russian Sport, And Lone Wolf Terrorism

A blanket ban on Russian athletes would also have exposed the IOC to criticism that its treatment of Russia would have been marked contrast to its treatment say, of the track and field team from Kenya – a country about which the IOC has very similar doping concerns. More>>

ALSO:

Sounds Like A Plan: Auckland Council Receives Unitary Plan Recommendations

A key milestone in New Zealand planning history was reached today when the Independent Hearings Panel delivered the reports containing its recommendations on the Proposed Auckland Unitary Plan. More>>

ALSO:

National Park Expansion: Forests And Coast Of Kahurangi Protected

Five parcels of high value land totalling more than 890 hectares have been formally gazetted as part of the National Park. More>>

ALSO:

PPP Go-Ahead: SkyPath Gets Unanimous Support

Auckland’s SkyPath project has been given the go-ahead to be delivered through a public private partnership, after a unanimous decision at today’s Finance and Performance Committee. More>>

ALSO:

Gordon Campbell: On The Reserve Bank, The UN Shortlist, And Trump

Can there really be there any link between the US presidential elections and yesterday’s RBNZ signals on interest rates and the NZ dollar? Well, maybe. And it would be this: the improving US economy is reportedly putting a tailwind behind the US dollar, and rendering the actions of our Reserve Bank virtually irrelevant. More>>

ALSO:

Gordon Campbell: On What John Key Should Be Asking Joe Biden

No doubt, US Vice-President Joe Biden will be updating Prime Minister John Key on the chances of a TPP vote taking place in the ‘ lame duck’ session of Congress that’s held between the November’s election and the inauguration of a new President in January. More>>

ALSO:

Make NZ Make Again: Greens Will Establish A Minister For Manufacturing

The Green Party announced today that it will establish a Minister for Manufacturing in Cabinet, to better represent the interests of manufacturers and ensure they thrive. The Minister will be inside Cabinet and have responsibility for the long-term interests of the manufacturing sector. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news