Police and the Serious Fraud Office (SFO) are investigating
allegations of employee fraud at one of New Zealand's oldest
friendly societies, the Hibernian Catholic Benefit Society.
The Serious Fraud Office said yesterday it had been
conducting an investigation into Hanover Finance for the past
three months and it had reasonable grounds to believe fraud
might have been committed.
The Serious Fraud Office will not be laying charges against
the group of failed Blue Chip companies - a decision likely
to anger more than 2000 investors owed more than $80 million.
The Serious Fraud Office
yesterday executed search warrants in Auckland on WSD Global
Markets Ltd, a New Zealand stock exchange-accredited futures
and options company.
The Serious Fraud Office (SFO) says it will give urgent
priority to its investigation into allegations of corruption
against a former ACC staff member.
The Serious Fraud Office has begun an investigation into
Capital + Merchant Finance following a referral from Grant
Thornton, the receivers of companies within the Capital +
Merchant Group.
