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

 

Statement from Eric Watson re SFO Decision

Statement from Eric Watson re SFO Decision

“I am not at all surprised by this long-awaited decision.  I can now concur with the SFO's former CEO Adam Feeley when he said "the outcome will show the public that the right result has been reached", and with today’s announcement which records that the right and only possible decision has been reached.

“I have been confident from the outset that the Hanover companies were responsibly governed and managed.  I was not personally a director or officer but as a shareholder I invested heavily in quality people, advisers and processes to support that objective.  I continue to have absolute confidence in the calibre of Hanover’s directors and in their governance during what proved to be unprecedented market events not constrained to finance companies or to New Zealand.  All of the directors are highly professional individuals who are successful in their own right. The decision announced today finally sets the record straight publicly but I have to ask, what this investigation has financially cost the New Zealand public?

“This decision of the SFO after conducting such a thorough investigation is an important landmark and follows the FMA’s decision announced last year that its own investigation uncovered no basis for any criminal proceedings.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Rocket Lab: Launch Expected

Rocket Lab has delayed the roll out of the launch vehicle called Electron by one day, due to weather conditions. The planned launch attempt will now take place on Tuesday, May 23, 2017. More>>

ALSO:

Budget: Irrigate (Good Times, Come On!)

Additional grant funding of $26.7 million over the next three years plus a capital boost of $63 million towards irrigation investments in Budget 2017 will deliver economic and environmental benefits through better use of water... More>>

ALSO:

Silver Fern Farms: Proposal To Close Fairton Sheepmeat Plant

Silver Fern Farms has advised its people of the proposal to permanently close the site, and has discussed potential transfer options to its other sites in the region as part of the consultation process...
More>>

ALSO:

MPI: Myrtle Rust Appears In Taranaki

The nursery in Waitara (just north of New Plymouth) reported suspected myrtle rust symptoms on young plants to the Ministry’s 0800 number yesterday (Tuesday). More>>

ALSO: