Sharechat Logo

SFO to dig into mining company applications

Friday 3rd June 2011

Text too small?

The Serious Fraud Office (SFO) has commenced an investigation into Australian exploration and mining company Greywolf Resources following an allegation that fraud may have been involved in its application for exploration permits.

SFO director Adam Feeley confirmed the Ministry of Economic Development (MED) had passed information on to the SFO relating to applications made by Greywolf for petroleum and mineral exploration permits.

"From the information received to date, it appears that false statements may have been made on support of these applications," he said.

Feeley said that the focus of the SFO investigation would be to determine the authenticity of certain statements made in the applications and, if there was false information, to also determine who was responsible for making those statements.

"Maintaining the integrity of the regulatory regime, coupled with the considerable financial value of the permits, means that there is significant public interest in investigating this matter further."

Feeley said the applications related to three petroleum exploration and seven mineral exploration permits for various parts of New Zealand.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Freightways Limited (NZX: FRE) Acquisition of ProducePronto
19th October 2021 Morning Report
PGG Wrightson Limited (NZX: PGW) Guidance Update
Vital Limited (NZX: VTL) Provides Update on PSN LMR
18th October 2021 Morning Report
T&G Global Limited (NZX: TGG) FY21 Earnings Guidance Update
Arvida Group Limited (NZX: ARV) Successful Completion of $155m Placement
FreshLeaf: Cannabis on course to be 'medicine of the masses'
Arvida Group Limited (NZX: ARV) to Acquire Arena Living Retirement Living Portfolio
My Food Bag Group Limited (NZX: MFB) Market Update and HY Results Announcement Date