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

 


SFO: another financial services provider investigation


Media Release
1 February 2013

SFO confirms another financial services provider investigation
The Serious Fraud Office (SFO) today confirmed that it has commenced an investigation into the affairs of former financial services provider and former director of Auckland based Strategic Planning Group Limited, Andrew Hrothgar Robinson (39).

Acting Chief Executive of the SFO, Simon McArley, said the matter had been referred to the SFO from the Financial Markets Authority (FMA) and that the Office had been working closely with the FMA. Evaluation of the information now available has concluded that there are reasonable grounds to believe that an offence of serious fraud may have been committed in relation to investment funds received by Mr Robinson. The SFO have accordingly commenced a Part II investigation under the SFO Act.

The FMA opened an investigation into Mr Robinson late last year. On 21 December 2012, the FMA cancelled his Authorised Financial Adviser (AFA) license and Mr Robinson ceased being a director of Strategic Planning Group Limited on 23 December 2012. The FMA’s investigation is ongoing.

Simon McArley said, “We will continue to work closely with the FMA to ensure both agencies' resources are applied effectively in a coordinated and timely manner.”

The SFO would like to speak to anyone who has invested with or through Mr Robinson and believe that their investments may have been affected. The SFO can be contacted on 0800 109 800, or through the website www.sfo.govt.nz

--

Notes

Background to investigation
The Financial Markets Authority (FMA) cancelled the Authorised Financial Adviser (AFA) license of Andrew Robinson on 21 December 2012. The FMA is also investigating Mr Robinson following a complaint made against him. He is no longer registered as a financial services provider.

Role of the SFO
The Serious Fraud Office (SFO) was established in 1990 under the Serious Fraud Office Act in response to the collapse of financial markets in New Zealand at that time.

The SFO operates three investigative teams:
• Evaluation & Intelligence;
• Financial Markets & Corporate Fraud; and
• Fraud & Corruption.

The SFO operates under two sets of investigative powers.

Part I of the SFO Act provides that it may act where the Director “has reason to suspect that an investigation into the affairs of any person may disclose serious or complex fraud.”

Part II of the SFO Act provides the SFO with more extensive powers where: “…the Director has reasonable grounds to believe that an offence involving serious or complex fraud may have been committed…”
The SFO’s Annual Report 2012 sets out its achievements for the past year, while the Statement of Intent 2012-2015 sets out the SFO’s three year strategic goals and performance standards. Both are available online at: www.sfo.govt.nz

end

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Flyover Over: NZTA Not Appealing Flyover Decision

The NZ Transport Agency has decided not to appeal the High Court’s Basin Bridge decision, and says the High Court’s findings provide valuable clarity to help guide the development of future infrastructure projects throughout the country. More>>

ALSO:

Developing Crown Land: Government, Auckland Iwi Reach Agreement

The government has reached agreement with Ngati Whatua and other Auckland iwi over developing 500 hectares of excess land in Auckland for private housing which had been under High Court challenge. More>>

ALSO:

Gordon Campbell: On Maurice Williamson

Maurice Williamson seems to have been granted an annual licence to embarrass the National Party, and its that time of year again. Also as per usual, Williamson’s recent exercise in sexism and homophobia has passed by with barely a murmur from his leader. More>>

ALSO:

Green Climate Plan: Shaw Launches 40% Emission Cut Target

Green Party co-leader James Shaw has announced an emissions target initiative for 40% reduction by 2030. He said agriculture has to long been used as a reason for inaction, a roadblock to action... He proposed a tax of 8 cents per kilo of milk. More>>

ALSO:


Images & Video: Four Alternative Flags For Referendum

Flag Consideration Panel chair, Professor John Burrows, said the Panel’s decision had been guided first and foremost by the results of its engagement programme across a range of communities where thousands of Kiwis shared what was special about New Zealand, as well as the Panel’s own selection criteria. More>>

ALSO:

Transport Report: LGNZ Calls For Proactive Approach To Mobilise Regions

LGNZ has today released Mobilising the Regions, its major transport study, which highlights the economic and social impact of strategic transport decisions nationally and in the regions, and the direct link between regional development, national prosperity, social well-being and cohesiveness. More>>

ALSO:

Transport: New Rules Bring Double-Deckers To Our Cities

New rules that allow buses, including double-deckers, to carry more people will ramp up the public transport offering in our cities, Transport Minister Simon Bridges and Associate Transport Minister Craig Foss say. More>>

ALSO:

Cycling:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news