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

 


SFO charges MightyRiverPower engineer with $2 mln fraud

SFO charges MightyRiverPower engineer with $2 mln fraud

By Paul McBeth

Sept. 2 (BusinessDesk) - The Serious Fraud Office has charged a MightyRiverPower engineer of fraudulently issuing invoices totalling $2 million.

Paul Rose faces four charges under the Crimes Act of obtaining by deception and Jane Rose faces two charges, the SFO said in a statement. The pair are alleged to have fraudulently issued invoices to MRP for goods which weren't provided or services that were instead performed by Paul Rose or others between June 2005 and December 2012, it said.

This investigation resulted from observations and internal checks at MightyRiverPower," SFO director Julie Read said. "The company's actions in referring this matter to the police and the active support for the SFO's investigation means that we are now in a position to lay charges and prosecute the people involved."

MRP launched an internal investigation in December 2012 before referring it to police in early 2013. The SFO launched a probe in April 2013.

The defendants will next appear in the Auckland District Court on Sept. 30.

Paul Rose was employed at the Southdown power station in Auckland from November 2001 to December 2012, initially as a technician and later as an engineer, the SFO said. Part of his role was to identify what equipment needed ordering or what services needed to be provided for the operation of the plant.

Shares of MRP were unchanged at $2.30 today, and have gained 8 percent this year.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news