Sharechat Logo

Company director gets home detention in ACC bribery case, SFO says

Friday 15th June 2012

Text too small?

A construction company director has been sentenced to 11 months home detention after pleading guilty to making a $160,000 bribe to a property manager at the Accident Compensation Corp.

Gregory Hutt was a director of Hi-Tech Commercial Interiors when he made the “corrupt payment” in 2009 to former ACC national property manager Malcolm Mason, whose role had included procurement, tendering and lease negotiations for the corporation.

It was a share of Hutt’s profit on a property development he did after being tipped off by Mason that the ACC was looking for new premises in Whangarei. Mason was sentenced in March last year.

According to the Serious Fraud Office statement on the sentencing, the two men had contrived to make the payment look like a loan after media reports in 2010 about the involvement of the SFO in the case. They had developed a personal friendship in the course of Hutt’s company doing fit-outs of office interiors at ACC premises.

The prosecution “reinforces the commitment that law enforcement agencies in New Zealand have to taking a zero-tolerance approach to any case involving bribery of public officials,” SFO chief executive Adam Feeley said.

As well as home detention, Hutt forfeited his $205,659 profit on the property deal and paid $101,294 in tax. He was sentenced today in the Wellington High Court.

BusinessDesk.co.nz

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
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:

South Port beats guidance, earnings in line with 2018 record
Plexure sees revenue growth from White Castle deal
22nd July 2019 Morning Report
NZ dollar treading water as markets focus on Iran
MARKET CLOSE: NZ shares extend gain as passive funds bolster prices; Tourism Holdings climbs
NZ dollar headed for 1.3% weekly gain on expectations of a Fed rate cut
RBNZ knock-back gives Resolution chance to low-ball AMP - Jarden
Rail hubs may not boost Napier Port log trade
O'Connor looks to overhaul Biosecurity Act, improve animal tracing
Denton Morrell undefended at liquidation hearing

IRG See IRG research reports