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

Gordon Campbell: On The Fallout From The Barclay Tape

This is hardly a case of cleaning out your desk and being turfed out onto the pavement.

As others have pointed out, the disgraced Clutha-Southland MP will remain on the public payroll for three months until the election, and for three months afterwards. More>>

 

Ombudsman: Canterbury Schools Reorganisation Mishandled

An investigation into the Canterbury schools reorganisation after the February 2011 earthquakes has found significant gaps and flaws in the Ministry’s engagement and communications with schools and communities. More>>

ALSO:

Law Commission: Contempt Report "Protects Right To Fair Trial"

The proposed Act limits what news media representatives and bloggers can report on court proceedings, but it also makes clearer than the current law where the line is between contempt and freedom of expression. More>>

ALSO:

Gordon Campbell: On Our Refugee Intake (And Uber’s Woes)

On figures released this week, there are currently 65.6 million people worldwide who have been displaced from their homes by war, famine or other external causes… More>>

ALSO:

IGIS Report: GCSB Support For Groser WTO Bid Not Illegal

“The inquiry has found that the GCSB did not act unlawfully or improperly in providing assistance to the New Zealand government campaign”, Ms Gwyn said. More>>

ALSO:

PM's Press Conference: Pike And Houses

There were questions on Pike River mine re-entry after new video from inside the drift was released over the weekend. English maintained a human effort would not be feasible irrespective of any future coalition demands from NZ First. He said the government would continue to work with families on non-manned re-entry. More>>

ALSO:

Flogging A Dead Horse: NZ First Seeks New s59 Referendum

10 years on from the so called “anti-smacking” law - NZ First calls for a binding referendum. NZ First MP Tracey Martin told TVNZ’s Q+A programme that the law change has had a “chilling effect” on NZ parents including herself. More>>

ALSO:

Always Interesting: Internet Party Has New Leader

The Internet Party has a new leader: Suzie Dawson... She currently resides in Moscow, Russia, where she has applied for temporary asylum due to severe persecution she reports being subjected to by those whose corruption she worked to expose.More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog