SFO confirms probe into Auckland Transport procurement

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

The Serious Fraud Office has confirmed it is investigating procurement irregularities at Auckland Transport.

The white-collar crime investigator executed a number of search warrants at several locations yesterday as it probes an unidentified number of individuals relating to "irregularities in the procurement of services," it said in a statement.

The investigation is being conducted under Part 2 of the Act, meaning the SFO director has reasonable grounds to believe an offence has been committed, which allows him to compel attendance at interviews. Under a Part 1 investigation the SFO can only require the release of documents.

Auckland Transport referred the matter to the SFO after an internal investigation.

(BusinessDesk)


1 ยท Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

1 Comment & Question

Commenter icon key: Subscriber Verified

Someone signed off on the on-ramp lights before money was available?

Reply
Share
  • 0
  • 0

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.6394 0.0025 0.39%
AUD 0.9116 0.0078 0.86%
EUR 0.5747 0.0066 1.16%
GBP 0.4190 0.0029 0.70%
HKD 4.9574 0.0213 0.43%
JPY 76.6520 -0.1640 -0.21%

Commods

Commodity Price Change Time
Gold Index 1133.1 -6.160 2015-09-02T00:
Oil Brent 51.3 1.150 2015-09-02T00:
Oil Nymex 46.9 0.890 2015-09-02T00:
Silver Index 14.7 0.047 2015-09-02T00:

Indices

Symbol Open High Last %
NZX 50 5590.2 5633.4 5590.2 -0.37%
NASDAQ 4763.1 4800.2 4750.0 0.27%
DAX 10161.4 10380.4 10048.0 2.68%
DJI 16364.3 16550.1 16351.4 0.59%
FTSE 6083.3 6215.7 6083.3 1.82%
HKSE 21101.4 21288.5 21531.2 -2.77%
NI225 18359.5 18481.6 18095.4 1.42%