Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Statement by Steve Borlase re SFO charges


Statement by Steve Borlase re SFO charges, Tuesday April 28, 2015

Today I have appeared in the North Shore District Court as a prelude to defending myself against a number of serious charges brought by the Serious Fraud Office (SFO) , alleging that in the course of running an engineering business I have engaged in behaviour which amounts to bribery and corruption.

I deny these allegations as I know I have done no wrong.

I am confident that the success of the business is only due to hard work, professionalism and because we are a good ethical corporate. In fact this is our reputation with clients and we pride ourselves on this.

I was astounded when these issues were first raised with me by the SFO. However I have co-operated fully in its investigations, which relate to the interaction between the company and several Auckland local body clients over a number of years.

In essence, the SFO alleges that payments have been made to employees of these local bodies in return for them awarding contracts for professional services to my company, or influencing the awarding of such contracts. Not only do I deny the claims, I am completely confident that no inappropriate or unlawful payment has been made by my company. All the marketing budget for the company has been lawful, open and fully accounted for.

I consider it is normal business practice for a company to foster good relationships with clients and potential clients through marketing. However no marketing has ever included any express or implied insistence of any kick back or contract award. I find this suggestion offensive.

As a qualified engineer with 25 years experience in project planning and managing significant infrastructure projects in New Zealand and overseas, most recently as managing director of Projenz (2005) Ltd, this is the first time there has been any questioning of my business practices and interaction with clients.

I hope the business community takes a keen interest in this concerning case, as I consider my company’s behaviour and business practices to be common and widespread, and have long been accepted as normal and lawful.

Pending resolution of this legal action, I have decided to step aside from the day-to-day running of the company to protect its good name and reputation. I hope this is understood and accepted as the responsible thing to do.

I have instructed my lawyer, Ron Mansfield, not to apply for name suppression. I consider that I have nothing to hide or to be ashamed of. I am confident that my position will be shown to be appropriate and lawful. I look forward confidently to that day.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




Fonterra: Lifts Forecast Farmgate Milk Price Range

Fonterra Co-operative Group today lifted its 2021/22 forecast Farmgate Milk Price range to NZD $8.90 - $9.50 per kgMS, up from NZD $8.40 - $9.00 per kgMS. This increases the midpoint of the range, which farmers are paid off... More>>



Federated Farmers: NAIT Levy Increases Must Achieve Accurate, User-friendly System
Nobody welcomes extra costs but if OSPRI is to catch-up on under investment in the NAIT platform and deliver on its workability and farmer support, levy increases are probably necessary, Federated Farmers says... More>>



Westpac: More Job Opportunities, But Growth In Workers’ Earnings Remains Subdued

The Westpac McDermott Miller Employment Confidence Index rose 1.2 points in the December quarter, to a level of 106.9. This was the sixth straight rise in the index since the Covid-19 lockdown in 2020. Michael Gordon, Acting Chief Economist for Westpac, noted that the rise in the index has largely been driven by perceptions... More>>



Statistics: Household Net Worth Grows In The September 2021 Quarter But At A Slower Pace Compared To March 2021

Household net worth grew by $60.7 billion in the September 2021 quarter compared with the June 2021 quarter, Stats NZ said today. This represents an increase of 2.5 percent, a similar result to the June 2021 quarter, which was up $60.6 billion or 2.6 percent... More>>

TradeMe: Job Market Ends 2021 On A High With Record Number Of Vacancies
The New Zealand job market finished 2021 on a high note, with the ball still firmly in the job hunters’ court, according to the analysis of 69,600 vacancies listed on Trade Me Jobs for the quarter ending 31 December (Q4)... More>>


Insurance Council of New Zealand: September South Island Windstorm Cost $36.5 M Raises 2021 Extreme Weather Claims Total To $321.6 M

Gale force winds and storms between 9 and 13 September 2021 resulted in insurers supporting communities to the tune of $36.5 m. This is a significant rise, of $16.7 m, on preliminary figures for the event and lifts the end of year total for all extreme weather events in 2021 to $321.6 m... More>>