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New Fujixerox Report Confirms Taxpayers Fleeced

Rt Hon Winston Peters

New Zealand First Leader

Member of Parliament for Northland
4 AUGUST 2017

New Fujixerox Report Confirms Taxpayers Fleeced

Over $55 million of taxpayer spending with FujiXerox NZ since 2012 needs forensic examination, given the latest report confirms they have likely been fleeced.

“After Fuji Xerox’s former auditor EY tried to block NBR entering into its awards, NBR says that the latest FujiXerox report from Japan confirms a “culture of concealment”, says New Zealand First Leader and Member of Parliament for Northland Rt Hon Winston Peters.

“A ‘culture of concealment’ sums up this National-led government’ adoption of the ostrich position when this $500m fraud broke. What National cannot duck, is that between 2012 and 2016, taxpayers have spent $55.2m with FujiXerox NZ.

“We’re seeking an update on the taxpayer spend because it’s on the low side with many schools having separate contracts with FujiXerox. This school impact is how NZ First came into this and it has revealed some seriously low standards in corporate and public life.

“Most government departments, councils and schools have Managed Service Agreements with Fuji Xerox and for years they were transformed into what resembles a Ponzi Scheme. It really is like ‘The Big Short’ met ‘The Wolves of Carlton Gore Road.’

“We tried our hardest to get the Audit Office to look into this but its initial brush off only changed when the smelly stuff hit the fan. As did the SFO, which foolishly gave FujiXerox NZ the all-clear late last year, proving just how thorough that outfit is not.

“We are warning Messrs English, Joyce and Bridges that after September, we’ll have the means to release the full facts on one of the largest frauds,” says Mr Peters.

New Zealand First calls for a public inquiry into accounting, audit and assurance standards, the Crown Agency, External Reporting Board, and the Serious Fraud Office;

New Zealand First will conduct a full inquiry into government procurement; and

New Zealand First has referred a complaint regarding Fuji Xerox’s former Auditor EY (formerly called Ernst & Young) to Chartered Accountants Australia New Zealand.

ENDS


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