SFO confirms probe into Auckland Transport procurement

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 · 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 0.6692 -0.0058 -0.86%
AUD 0.9312 -0.0031 -0.33%
EUR 0.6023 -0.0005 -0.08%
GBP 0.4576 -0.0027 -0.59%
HKD 5.1986 -0.0433 -0.83%
JPY 73.7220 -0.3600 -0.49%

Commods

Commodity Price Change Time
Gold Index 1212.7 -6.530 2016-05-27T00:
Oil Brent 50.2 0.860 2016-05-26T00:
Oil Nymex 49.5 -0.120 2016-05-26T00:
Silver Index 16.3 0.080 2016-05-26T00:

Indices

Symbol Open High Last %
NZX 50 6948.8 6996.2 6947.9 0.64%
NASDAQ 4904.1 4933.5 4901.8 0.65%
DAX 10257.9 10298.8 10272.7 0.13%
DJI 17826.8 17873.2 17828.3 0.25%
FTSE 6265.6 6275.9 6265.6 0.08%
HKSE 20425.0 20620.2 20397.1 0.88%
NI225 16830.5 16901.1 16772.5 0.37%
ASX 5388.1 5427.7 5388.1 0.33%