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

Suffrage 125: NZ A Trailblazer For Women

“We acknowledge the work of Kate Sheppard, Meri Te Tai Mangakāhia, and all of the suffragists who tirelessly campaigned for the vote. We also acknowledge the men who supported the cause and voted for the Bill to pass.

“Today we also need to ask each other: how we can continue to make our country a fairer and better place to continue the legacy of the suffragists.

“Aotearoa New Zealand has a female Prime Minister, we have women in cabinet. And I’m here as Acting Minister because the Minister for Women Julie Anne Genter is on maternity leave. New Zealand is a good place to be a woman!” More>>

 
 

Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>

ALSO:

'Post-Settlement Era': Māori Crown Agency To Be Established

Cabinet has approved the final scope of the Māori Crown portfolio and agreed to establish an agency to oversee Government’s work with Māori in a post-settlement era, announced Crown/ Māori Relations Minister Kelvin Davis. More>>

Gordon Campbell: On Our Military Roles In Iraq & Afghanistan

The politics of the deployment extension have degenerated into a slanging match about whether the previous National government was right or wrong to make the initial commitment to Iraq – and whether the extension is a responsible thing given our joint training role in Iraq with Australia, or is hypocritical in the light of prior statements made by a previous Labour leader... More>>

ALSO:

Commissioner To Be Appointed: Govt To Dismiss Board Of Whitireia And WelTec

Education Minister Chris Hipkins has made a preliminary decision to appoint a Commissioner to Whitireia and WelTec to address the two polytechnics’ financial woes. More>>

ALSO:

Open Government Action Plan: Government To Proactively Release Cabinet Papers

The Cabinet papers will be released no later than 30 business days after a Cabinet decision. This process will be in place for Cabinet papers lodged from 1 January 2019... More>>

ALSO:

NZ Initiative: Evidence Of "Huge" Government Waste

It is not so much that spending is being literally wasted. Rather the best performing countries are achieving much better outcomes relative to their spending. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels