Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Commerce Commission and Police net three arrests


Co-operation between Commerce Commission and Police results in three arrests

Three men have been arrested by Dunedin Police and charged under the Crimes Act in relation to a Commerce Commission investigation into an international operation involving the sale of speakers from the back of vans that hit New Zealand shores earlier this year.

The Commission has been investigating the operation since it received information from its counterpart in Western Australia that the operation was heading to New Zealand. The Commission has been aware of operations in Auckland, Whangarei, Taupo and Christchurch.

It is alleged that the stereo speakers, branded Pro Audio or Acoustic Reference, have been promoted as being made or developed in the USA and sold with a 'certificate of authenticity'. The speakers have been represented as having a suggested retail price of $1,999 per pair however they are allegedly made in China with an estimated value of $50 per pair.

Dunedin Police arrested three men earlier this week after working closely with Commerce Commission investigators. The men have been charged jointly with conspiring with intent to deceive under the Crimes Act.

Fair Trading Branch Manager Graham Gill said that the case clearly demonstrated the results that could be achieved by enforcement agencies working closely together.

"This allegedly fraudulent operation has been brought to a standstill thanks to co-operation between the Commission and the Police," Mr Gill said.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>