Sharechat Logo

Former trustee pleads guilty to fraud

Tuesday 23rd January 2018

Text too small?

A former trust asset manager and trustee has pleaded guilty to fraud in Auckland's High Court today over receiving secret payments in 2009 and 2012.

Saul Roberts was the asset manager for Te Roopu Taurima O Manukau Trust, a public healthcare provider for people with intellectual disabilities, and a trustee and employee of Te Kawerau Iwi Tribal Authority, set up to settle treaty claims.

In 2009, Roberts received a secret payment of $45,000 in return for withdrawing public submissions he had lodged on behalf of Te Kawerau against a proposed change to a district plan. The company that made the payment was unaware Roberts was acting without the knowledge and consent of his employer. 

In 2012, he received secret commission payments in return for contracting work to certain suppliers to Te Roopu, including businesses owned by Atish Narayan, and received a certain percentage of each invoice as a cash kickback.

Narayan pleaded guilty to three charges for the fraud in 2017 and was sentenced to six months’ home detention and ordered to pay $14,000 in reparation in October last year. Narayan owned two auto repair businesses and made payments to Roberts in exchange for him arranging for vehicles owned by Te Roopu to be serviced or repaired at his businesses.

"Deliberate acts of fraud against a publicly funded health care provider and a charitable trust are completely unacceptable and a matter of significant public concern," said Serious Fraud Office director Julie Read in a statement. "The SFO’s role is to prosecute such matters on behalf of New Zealanders in order to keep these organisations free from corruption."

Roberts will be sentenced on Feb. 27. 

(BusinessDesk)

  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:

NZ dollar ekes out 0.1% weekly gain, treading water amid geopolitical turbulence
MARKET CLOSE: NZ shares up as Comvita, A2 rebound from weakness, Steel & Tube keeps dropping
NZ dollar ekes out 0.1% weekly gain, treading water amid geopolitical turbulence
NZ Meat Board chases higher returns from $70M of funds now held in term deposits
NZ industrial property offers ‘good returns’, analyst says
Top oil analyst slams 'errors and misrepresentations' in govt's offshore exploration ban
Augusta earnings fall as delayed fund pushes out fees, boosts costs
Stats NZ takes over property transfers data from LINZ, expects to paint fuller picture of market
Anzco Foods says annual pre-tax profit fell 90% on tough year for beef processing
Veritas' Morton to step down after Nomura deal announced

IRG See IRG research reports