New Zealand: SFO alleges $1.7b fraud at South Canterbury Finance

The Serious Fraud Office says charges filed today in relation to South Canterbury Finance represent the biggest alleged white-collar fraud in New Zealand history…. In a statement just released, SFO chief executive Adam Feeley said the charges allege a variety of offences, including theft by a person in a special relationship; obtaining by deception; false statements by the promoter of a company; and false accounting.

Read more: New Zealand: SFO alleges $1.7b fraud at South Canterbury Finance — National Business Review