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

 


Couple sentenced following Companies Office prosecution

Auckland couple sentenced following Companies Office prosecution

The Companies Office has successfully prosecuted an Auckland company director and her de facto partner for a multitude of charges including forgery, running a business with intent to defraud creditors and fraudulently using property of the business for personal benefit.

In the Auckland District Court on Thursday 28 August, Company Director Nicola James was sentenced to 3 months home detention and 150 hours community work while her partner Edwin Murray received 6 months home detention and 200 hours’ work in the community. They were both asked to pay reparations totalling $40,000 to the victims of the offending (a finance company and an individual) at $50 each per week. In addition, the Court ordered that both are prohibited from being company directors for a period of ten years.

Ms James was the sole shareholder and director of Coro Dingo Limited and CD Plant Hire Limited and oversaw all the financial transactions for both companies. Meanwhile Mr Murray was the manager and operator of the companies.

In July 2007, Coro Dingo began receiving regular financial assistance from a finance company to finance wages and essential expenses. In September 2009, both Coro Dingo and CD Plant Hire were placed in receivership.

The fraudulent activity of James and Murray consisted of selling an asset of Coro Dingo to a third party for $65,000 without informing that person that there was a registered secured interest over the property. Mr Murray subsequently supplied a forged letter of reference to the finance company and led it to believe that no money was coming into the Coro Dingo’s bank account. However Murray and James operated an alternative account and in September 2009 withdrew $78,000, the bulk of which was for their personal use.

Karla Flood, manager of the Companies Office Registries Integrity and Enforcement Team, says the sentencing last week was a good result.

“Both defendants had appeared before the Court in the past and this sentence sends a message to all company directors to operate within the law.”

Ms Flood says, “Lots of companies experience financial problems in their lifespan but working with creditors to resolve these issues and being honest in carrying out your business is essential.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Corrections Corrected: Supreme Court Rules On Release Dates

Corrections has always followed the lawful rulings of the Court in its calculation of sentence release dates. On four previous occasions, the Court of Appeal had upheld Corrections’ practices in calculating pre-sentence detention. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>

ALSO:

Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>

ALSO:

Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news