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

Back Again: Government Approves TPP11 Mandate

The Government has approved a negotiating mandate for Trans-Pacific Partnership 11 (TPP11), which will ensure New Zealand businesses remain competitive in overseas markets.

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

.

 
 

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>

ALSO:

Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>

ALSO:

Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>

ALSO:

Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>

ALSO:

Susan Devoy: Call For Inquiry Into State Abuse Reaches UN

Race Relations Commissioner Dame Susan Devoy is in Geneva and has asked a United Nations committee to urge the New Zealand government to initiate an inquiry into the physical and sexual abuse of children and disabled people held in state institutions. More>>

ALSO:

(Not National): Cross-Party Agreement On Pike River Re-Entry

The commitment was signed this afternoon by the leaders of Labour, United Future, The Maori Party, and the Green Party and, together with the earlier commitment by New Zealand First, means that there is now a Parliamentary majority behind the families’ fight for truth and justice. More>>

ALSO:

Earlier:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election