Jimmy Ming Miu (47) has been sentenced in the Auckland District Court today to three years and three months’ imprisonment following a Serious Fraud Office (SFO) prosecution.
Mr Miu was found guilty in March of 55 charges including using a document with intent to defraud and dishonestly using a document.
The charges relate to when Mr Miu was employed as the IT Systems Manager for McKay Shipping New Zealand Limited (McKay Shipping) between 2000 and 2006.
During the period of offending, Mr Miu purchased computer hardware and software using the trading name Avanti Systems or Avanti Systems Integration. Mr Miu invoiced his employer for the computer products and in his position as IT Manager also approved the invoices for payment. The invoices submitted by Mr Miu were highly inflated. Over the six year period, Mr Miu submitted 55 invoices to McKay Shipping totaling in excess of $1 million.
When the fraud was discovered by his employer Mr Miu fled to Australia. In October 2011 Mr Miu was extradited from Australia and he was charged with those matters which were the subject of the extradition order.
SFO Director, Julie Read said, “We are pleased to conclude this prosecution and we appreciate the cooperation of overseas agencies that assist in the efficient management of extradition matters. The SFO will continue to develop these relationships in order to improve the international fight against financial crime.”
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Light rail the winner in latest Auckland Transport turnaround
- Companies Office rejects NZ First complaint over Silver Fern deal
- Uber launches free Pandora personalised music for its Kiwi, Australian and US drivers
- Brexit aftermath: disdain, the elites, and the warning for conservative parties everywhere
- New data series shows 5.2% of NZ households owe more than they own
Most listened to
- BNZ's Jason Wong says the movements in the currency market last week were some of the biggest in history
- CBL's Peter Harris on uncertain times in the UK insurance industry
- Govt performing an awkward political U-turn on foreign trusts. Rob Hosking with John Shewan and John Key
- Trade Minister Todd McClay says plans for an FTA with the EU will not be hindered by the Brexit
- Oxford University academic Malcolm McCulloch predicts the imminent death of the internal combustion engine