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Former ACC property manager pleads guilty to corruption charges

Tuesday 15th of February 2011

Mason admitted corruptly receiving a payment of $160,000 from a property developer in return for using his position at the ACC to ensure the involvement of a developer known to him in the construction and leasing of a new ACC branch office.

"New Zealand has a hard-earned reputation for very low levels of corruption, and that reputation needs to be protected by constant vigilance by government agencies, along with public cooperation in reporting untoward activities," said SFO chief executive Adam Feeley.

Mason also admitted corruptly receiving a gift to the value of $9,000, in the form of a business class trip to the 2008 Singapore Grand Prix, from a real estate agent in return for involving him in securing a long term lease for another ACC building.

In addition to receiving the payment and gift, Mason also admitted to passing a confidential document listing all Government departmental security officers to an associate involved in the business of installing security systems.

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Latest Comments
FMA outlines its latest expectations for advisers
Paul Flood: The danger is that the 'goalposts' (regarding what is acceptable or unacceptable adviser conduct) may be susceptible to change. Our 'Principles based' legal/regulatory environment lends itself to “prevalence-induced concept change” over time, perhaps not so much in the written laws and Code, as in the interpretation of the prescribed principles.
3 hours ago Steve Wright
FMA outlines its latest expectations for advisers
Just a tip, if you use more than six, six letter words in a sentence you lose most Kiwi's. So avoid client/adviser confusion when writing your post or article if you would like it read and understood. Ironically, my last sentence was not likely read.
6 hours ago Backstage
FMA outlines its latest expectations for advisers
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To correct errors in my previous post: "policies, templates, and controls" should read "policies, processes, systems and controls", and "is more conductive" should read "is more conducive".
2 days ago Paul Flood