‘Enforcement 40’ for 2020
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By Securities Docket on December 16, 2019, 9:47 am
The Serious Fraud Office has warned it won’t be able to run as many white-collar criminal investigations and prosecutions over the next two years and is already struggling to cope with very large cases. The fraud investigation agency made the remarks in answers to followup questions from Parliament’s justice select committee following its annual review […]
By Securities Docket on August 5, 2018, 11:17 am
According to annual reports filed by the SFO over the past decade, in the five years prior to Read’s appointment the office launched an average of 15 new prosecutions every year. In the five years since this has dropped 40 per cent to an average of nine. via Future of SFO up in air as […]
By Securities Docket on April 12, 2018, 7:21 am
A retrial has been ordered after New Zealand’s first insider trading trial ended in a hung jury. Last month, a deadlock was reached in the High Court at Auckland as a jury was unable to reach a unanimous or majority verdict for Hamish Marc Sansom after two days of deliberations. via Retrial ordered for alleged […]
By Securities Docket on March 20, 2018, 8:46 am
The first person to go on trial in New Zealand for insider trading sold his shares in a company after getting a tip-off from an employee, the High Court has heard. via NZ’s first insider trading trial begins in Auckland | Radio New Zealand News.
By Securities Docket on June 13, 2016, 8:53 am
In its four year plan document submitted to Parliament’s Law and Order subcommittee, the SFO warns of a high likelihood its staff will be poached by other employers offering more money. “Despite high levels of engagement SFO employees are attractive to the private sector who pay significantly higher salaries and this generates a higher than […]
By Securities Docket on December 7, 2011, 12:12 pm
Serious Fraud Office announces biggest alleged white-collar fraud in New Zealand history.
By Securities Docket on September 15, 2009, 3:00 pm
New chief executive expected to take over in November.
By Securities Docket on December 10, 2008, 10:00 pm
Apparently diplomacy is not a key part of the job description for Chairman of the New Zealand Shareholders Association. Upset that investors in NZ’s Hanover Finance approved a company moratorium that will return just 55 per cent of the net present value of their investment (by giving up on $200 million in interest payments and […]
By Securities Docket on October 3, 2008, 6:07 pm
Three directors of New Zealand’s National Finance 2000, which collapsed in May 2006, will face criminal charges carrying potential penalties of up to five years in prison. The New Zealand Herald reports that the directors — Trevor Allan Ludlow, Anthony David Banbrook and Carol Anne Braithwaite — would face charges in the Auckland District Court […]
By Securities Docket on September 4, 2008, 10:33 pm
A 1999 lawsuit against New Zealand’s Southern Petroleum that was later inherited by Shell as part of a takeover has finally been resolved in Shell’s favor. The claim, filed by a group of investors that alleged that their shares in gas and oil subsidiary Southern Petroleum were undervalued during a 1995 takeover by Fletcher Challenge Energy, was dismissed […]