Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Serious Fraud Office Should Explain Lack Of Action

ACT Justice Spokesman and commercial lawyer Stephen Franks has written to Serious Fraud Office director David Bradshaw, requesting that he release to Fletcher Challenge the information the SFO received, when it inquired into an alleged insider trading incident involving Fletcher Challenge shares in May last year.

“If the company is prepared to take action against the people involved in this questionable trading in its shares, it should not be effectively blocked by an SFO decision to take no action.

“If the SFO has a policy of only prosecuting when it thinks it has a better than 50 percent chance of success, it should change that policy.

“When a climate has developed of suspicion that there is a high toleration of commercial dishonesty, extraordinary measures may be needed to restore confidence. The public needs to know there has been no cover-up.

“I think these concerns would be best addressed through obvious willingness to assist open court proceedings for a judge’s decision if the law is uncertain.

“This is particularly important at a time when the SFO is pitching to front insider trading investigations and prosecutions should the Government introduce criminal sanctions against convicted insiders,” Mr Franks said.

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Tax Working Group’s Road Map

Trying to analyse the interim report on the Tax Working Group (TWG) is like trying to review an entire All Blacks game, but at the half- time mark.

With so much still to be finalised, Sir Michael Cullen and his colleagues are going to need all the All Blacks’ fabled finishing skills to get a coherent, fiscally neutral package together by the February 2019 deadline. More>>

 

Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>

ALSO:

No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>

ALSO:

Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>

ALSO:

Suffrage 125: NZ A Trailblazer For Women

“We acknowledge the work of Kate Sheppard, Meri Te Tai Mangakāhia, and all of the suffragists who tirelessly campaigned for the vote… Today we also need to ask each other: how we can continue to make our country a fairer and better place to continue the legacy of the suffragists.” More>>

ALSO:

Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels