SFO targets employee fraud at Catholic society
Allegations of wrongdoing at Hibernian Catholic Benefit Society investigated.
The Serious Fraud Office is investigating allegations of employee fraud at the Hibernian Catholic Benefit Society, in tandem with the police.
Wellington-based Hibernian is a friendly society, providing financial services such as life insurance, funeral benefits, mortgage and loans, medical and general insurance from 21 branches across the country.
Its website says it has total assets of $9.6 million and 2700 Catholic members.
SFO director Adam Feeley said the scale of alleged fraud could not yet be quantified.
“However, it potentially affects a large number of members which, together with the volume of financial records, makes this case of interest to us.”
The SFO was alongside the police to explore the allegations. he said.
Georgina Bond
Wed, 01 Jun 2011
Wed, 01 Jun 2011
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SFO targets employee fraud at Catholic society
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