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
Most listened to
- Nevil Gibson discusses his latest Editor's Insight on regional development
- Tim Hunter on why Veritas is doing it the hard way
- Matthew Hooton on whether Steven Joyce will be the next national leader
- Rodney Hide on why all city planners should be fired
- Nevil Gibson discusses his latest Editor's Insight on films
- The NBR crew throw around some of the week's top stories
- Rob Hosking breaks down the political and economic week that was
- "A tragedy" - David Farrar on his disappointment with Simon Bridges
- New F&P product pipeline exciting, says Macquarie senior investment adviser Brad Gordon
- Taupo Motorsport Park executive director Tony Walker on the park's rebranding
- NZIER senior economist Christina Leung on why she does not think the OCR will hit 2%
- NBR's Cameron Officer talks about the NBR Car of the Year 2015