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)

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

1 Comment & Question

Commenter icon key: Subscriber Verified

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

Reply
Share

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 0.7845 0.0017 0.22%
AUD 0.8994 0.0002 0.02%
EUR 0.6203 0.0010 0.16%
GBP 0.4929 0.0003 0.06%
HKD 6.0847 0.0131 0.22%
JPY 84.0120 0.0180 0.02%

Commods

Commodity Price Change Time
Gold Index 1233.8 -1.760 2014-10-14T00:
Oil Brent 85.4 -4.470 2014-10-14T00:
Oil Nymex 81.2 -4.530 2014-10-14T00:
Silver Index 17.4 0.035 2014-10-14T00:

Indices

Symbol Open High Last %
NZX 50 5145.9 5168.7 5145.9 0.33%
NASDAQ 4246.2 4281.3 4213.6 0.32%
DAX 8765.4 8854.4 8812.4 0.15%
DJI 16321.9 16463.7 16321.1 -0.04%
FTSE 6366.2 6403.4 6366.2 0.42%
HKSE 23087.5 23230.3 23048.0 0.67%
NI225 15009.8 15044.3 14936.5 -0.13%