Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Call To Expand Not Discard (SFO)

MEDIA RELEASE
25.08.08

EUFA
(exposing UnacceptableFinancail Activities)
www.eufa.co.nz


Call to EXPAND not DISCARD (SFO)

White Collar Crime has at least quadrupled since 1990, yet the Government are getting rid of the SFO.

In the wake of the current climate EUFA are publicly calling for the Serious Fraud Office ( SFO) to be retained and significantly expanded with powers widened.

White Collar Criminals who have committed crimes, including crimes committed under the companies act and they need to be caught. With huge cases currently being investigated and with more to come, the move to close the SFO is another demonstration that the politicians are out of touch with reality over the current crisis.

After attending the EUFA meeting in Tauranga last Thursday, New Zealand First MP Peter Brown said he was not aware of the seriousness of the current situation. This is an MP who’s party campaigned on White Collar Crime. The National party campaigned in 1990 against White Collar Crime and The Labour Government introduced the Serious Fraud office in 1989. They all agree that White Collar Criminals must be held to account but who is doing it?

With the devastation caused by White Collar Crime in New Zealand and with reports of the finance crisis effecting half a million people how can the SFO shut up shop? There will undoubtedly be fresh complaints laid and the loss of the SFO and their talented officers, New Zealand faces a very dim future. Dishonesty will become the norm and flippantly dismissed.

EUFA have previously called on Government for inquiries and task forces to assist victims of White Collar Crime, who face losing their homes and all they have worked for but the victims through EUFA have been ignored with total disregard.

To cope with the flood of claims EUFA are now calling for a arbitrary body to be set up urgently, under the Umbrella of the SFO, for victims of the troubled Finance companies. Victims can not afford a natural right to an effective remedy therefore an arbitrary body is the only way for them to seek their common rights to justice – giving them a fair hearing. The current systems are a farce. People who have breached the fair trading act run and hide and leave victims devastated. The country is letting its crooks walk due to significant legal costs to their victims which are unaffordable..

A New Zealand family who was recently posted to the UK on work with the New Zealand Army, claimed yesterday in a call to EUFA executive that they had spent all their savings on taking legal action against their financial advisor and can no longer afford to carry the action further. The advisors are still living the high life – the family have lost their home. The EUFA member said in a txt before the call “We have been rung dry by legal fees and have nothing left to give and hence cannot afford to proceed. We have lost all faith in the NZ justice System”

EUFA coordinator Suzanne Edmonds said “The investor is not alone as almost all our members state the same about the NZ justice system and the governance over the Finance industry. People losing homes and house money through corrupt practice defies belief but all effected investors are simply dismissed as greedy! ”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On DHB Deficits And Free Trade

Currently the world is looking on aghast at the Trump administration’s plans to slash Obamacare, mainly in order to finance massive tax changes that will deliver most of their gains to the wealthy. Lives will be lost in the trade-off. Millions of Americans stand to lose access to the healthcare they need.

Spot the difference with New Zealand, where DHBs are under intense pressure to reduce deficits within a climate of chronic underfunding. More>>

 
 

Greens' Response: Slum-Like Rentals Exposed In Renting Review

“...The grim findings of the review are a wakeup call about the true state of rentals in this country. Too many renters are festering in slum-like conditions under the thumb of landlords who have largely unchecked powers and ignore tenants’ complaints when it suits them.” More>>

ALSO:

Gordon Campbell: On The Life And Times Of Peter Dunne

The unkind might talk of sinking ships, others could be more reminded of a loaded revolver left on the desk by his Cabinet colleagues as they closed the door behind them, now that the polls in Ohariu had confirmed he was no longer of much use to National. More>>

ALSO:

Gordon Campbell: On Labour’s Campaign Launch

One of the key motifs of Ardern’s speech was her repeated use of the phrase – “Now, what?” Cleverly, that looks like being Labour’s response to National’s ‘steady as it goes’ warning against not putting the economic ‘gains’ at risk. More>>

ALSO:

Lyndon Hood: Social Welfare, Explained

Speaking as someone who has seen better times and nowadays mostly operates by being really annoying and humiliating to deal with, I have some fellow feeling with the current system, so I’ll take this chance to set a few things straight.. More>>

ALSO:

Deregistered: Independent Board Decision On Family First

The Board considers that Family First has a purpose to promote its own particular views about marriage and the traditional family that cannot be determined to be for the public benefit in a way previously accepted as charitable... More>>

ALSO:

Transport Policies: Nats' New $10.5bn Roads Of National Significance

National is committing to the next generation of Roads of National Significance, National Party Transport Spokesperson Simon Bridges says. More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election