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

 


Guilty verdicts end long running SFO case

Media Release

26 March 2014

Guilty verdicts end long running SFO case

Jimmy Ming Miu (47) has been found guilty of Crimes Act charges in the Auckland District Court today following a Serious Fraud Office (SFO) prosecution.

Mr Miu was charged in December 2009 and faced 23 charges of using a document with intent to defraud and 49 charges of dishonestly using a document. Today he was found guilty of 55 of those charges.

The charges relate to when Mr Miu was employed as the IT Systems Manager for McKay Shipping New Zealand Limited (McKay Shipping) between 2000 and 2006.

During the period of offending, Mr Miu purchased computer hardware and software using the trading name Avanti Systems or Avanti Systems Integration. Mr Miu invoiced his employer for the computer products and in his position as IT Manager also approved the invoices for payment. The invoices were either highly inflated or false in that the products were never supplied or the products were not required by his employer. Mr Miu was found guilty in relation to 55 invoices that were submitted to McKay Shipping over a period of six years and totaling in excess of $1 million.

When the fraud was discovered by his employer Mr Miu fled to Australia. In October 2011 Mr Miu was extradited from Australia and he was charged with those matters which were the subject of the extradition order.

Mr Miu will reappear for sentencing on 5 May 2014.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news