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

 


Key Individuals interviewed in pokie grants investigation

Key Individuals interviewed in pokie grants investigation

The Department of Internal Affairs confirmed today that key individuals in Operation Chestnut have been interviewed as part of an ongoing investigation into the alleged manipulation of gaming machine grants.

The investigation is being conducted jointly by the Serious Fraud Office (SFO), the Department of Internal Affairs and the Organised Financial Crime Agency of NZ (OFCANZ).

The Department’s Director of Gambling Compliance, Debbie Despard (photo attached) says this continues to be a significant and complex matter with a range of serious concerns.

“It is the largest investigation in the history of the gambling sector. More than 100,000 documents are being examined and material is still being collated.”

“The investigation is expected to conclude in the first half of next year and the full range of prosecution and licensing sanctions will be considered in respect to those involved."

“As part of the inquiry, key people of interest have been identified who have been interviewed this week. Other interviews may follow.”

Ms Despard says: “It’s time for those in the sector who are breaking the law to understand they will be held accountable. We’re determined to do everything we can to clean things up and working with the SFO and OFCANZ enhances our ability to do this.

“We expect those that participate in the gambling sector to be accountable, responsible and act within the law.”

“The integrity of the pokie grants system is essential to prevent any group gaining unlawful advantage over grant funding, which deprives genuine community groups of obtaining grants for their legitimate causes.”

Information is still being gathered and the investigation is on-going. In the meantime the Department, the SFO and OFCANZ will make no further comment.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Interest Rates: Wheeler Hikes OCR To 3% On Inflationary Pressures, Eyes Kiwi

Reserve Bank governor Graeme Wheeler lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that’s picking up pace and he's watching the impact of a strong kiwi dollar on import prices. More>>

ALSO:

Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>

ALSO:

Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>

ALSO:

Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>

ALSO:

Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>

ALSO:

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news