Oh I just bet I know who will win this tender.
Any point in tendering?
Meanwhile the SFO is stirring into action with all the alacrity of a sloth.
from behind NBR’s paywall (I wonder how that is going)
SFO still on trail of ACC property investigations
Chris Hutching | Tuesday July 20, 2010 – 07:27amProperty dealings at ACC are still in the sights of Serious Fraud Office investigators.
Chief executive Adam Feeley confirmed to NBR NZ Property Investor this week that that the investigation remained “live” and there were more interviews to be conducted before a decision is made to prosecute or not.
Most of the financial information had been analysed but there was still more work to be done and remaining interviews with a small number of people to be completed.
Mr Feeley expected that a decision on a prosecution would be made within a couple of months.
The Serious Fraud Office investigators have been investigating whether ACC was the victim of fraud or whether there were fraudulent aspects to the property dealings. But they were also weighing up whether information had been used in a corrupt way.
Hell, all they have to do is ask anyone in property in Wellington and they will point the SFO in the right direction.
Some internet blog sites had posted allegations about the property dealings based on the close knit professional and personal relationships of those involved. While such relationships are common in a small country, the SFO will be looking at whether proper processes have been followed such as obtaining independent valuations, tendering where appropriate, and how confidential information may have been used.
The information posted on some internet blog sites appeared to be “reasonably well informed”, according to Mr Feeley.
One of them purports to reveal a small group of people in regular contact who have been involved in leasing, sales and fit outs.
But the questions that involve the SFO are focusing on whether there was anything untoward in these dealings in terms of failure to obtain independent valuations or tenders, or the use of confidential information.
Blogsites? There is more than one Whale Oil Beef Hooked? “Reasonably well informed”….of course I am, pity the repeater behind the paywall couldn’t acknowledge where they got the story from….it sure as hell wasn’t from any effort on their part and some months after I outlined the cosy arrangements of property people and the ACC.
The story broke in April after ACC reviewed of the way the corporation had carried and leases and purchases of buildings. This culminated in the dismissal of a senior ACC official involved in a Nelson deal where ACC leased a property at 47 Collingwood Street. Concern had been raised with ACC Minister Nick Smith about the $346,320 annual rental that other retailers felt was too high for the area.
The site had been purchased during the property boom in 2007 by Wellington-based development company Lace Bark Corporate Trustee Number Two, associated with Lloyd Cundy, for a reported $1.2 million and post-development it was sold for $4.8 million to an investment company associated with former National MP Paul East.
Last week, Mr Cundy said he yet to be interviewed by anyone and had no comment. The web site for his company is no longer functioning and nor is another web site associated with another person allegedly involved in dealings with the group.
Rohan Hill of Bayleys in Wellington acknowledged he had been the subject of discussion and had taken legal advice over potentially defamatory information. He said he wanted the matter out in the open as soon as possible so everyone could move on.
Mr Hill said he had not been interviewed but declined to comment on whether he knew others who had been spoken to by the SFO.
Woohoo, another tosser who thinks he can threaten defamation. I wonder if Mr Rohan Hill would like me to start publishing the rest of the stuff I have on him and his pals. The websites that are spoken about were shut-down within 8 hours of my publishing the cosy arrangements between all the players in a multi-million dollar fraud that has been perpetrated against ACC for years. In Wellington especially, there is a closed shop for ACC work, it all would go to a select group of men who all share beach houses, golf clubs and cars. Who knows they might even share their missus’ so cosy are the arrangements. The best defense against a case of defamation is the truth….can’t wait.
I see too the NBR repeater says the story broke in April….forgot to mention who broke it though didn’t she.
