close
0 mins to read

Serious Fraud Office investigates DataSouth Finance


SFO looking at Christchurch IT company's lease deals with clients, bankrolled by South Canterbury Finance.

NBR staff
Fri, 01 Apr 2011

The Serious Fraud Office (SFO) is investigating DataSouth Finance, a company that provides information technology services in Christchurch.

The SFO received information that raised concerns about lease agreements with clients, financed by South Canterbury Finance.

"The investigation is in its preliminary stages, and we will be working with the receivers and other parties to determine the existence and extent of any fraud," SFO director Adam Feeley said.

DataSouth Finance is part of the DataSouth Group, which was placed in liquidation on the eve of today's SFO announcement.

NBR staff
Fri, 01 Apr 2011
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Serious Fraud Office investigates DataSouth Finance
13563