A.C.C. and the S.F.O.

ACCI have been watching with some bemusement at the media flapping their gums over the SFO investigation at ACC.

Bemusement?

Yes, because this little rort has been going on for years and has been well known in Wellington amongst the wider property management sector and has also been talked about in not so hushed whispers in Auckland, which is where I have heard about the carry on. The tip-line has been buzzing hot since Malcolm Mason – National Property Manager ACC got the DCM. We are talking tip of the iceberg stuff here, not just one skanky little building in Nelson.

On this matter there is some very interesting stuff and when you dig a little deeper (Companies office) you find out the details.
I am aware of 5 additional  players than those touched upon by the once over lightly of the New Zealand news media. They are:

Lloyd Cundy, his wife and Luke Vodanovich are also shareholders in Lace Bark Corporate Trustee Limited.

What we have here appears to be a cosy little arrangement between friends for the leasing, interiors, legal work, management, and security/access control for ACC buildings.

What is not shown is that these six  are tight friends.  Very Tight Friends.

ACC property have never tendered out any work for property projects in Wellington – Malcolm Mason’s friend Greg Hutt gets all the fit-out work.  Malcolm Mason has only ever dealt with Rohan Hill for any property leasing work. Malcolm Mason has presumably been living life on the large for putting work the way of the boys.  Certainly he has been seen around Wellington driving Greg Hutt’s Porsche.  Malcolm Mason has also enjoyed generous hospitality at Rohan Hill’s holiday house at Millbrook in Queenstown, and at every event at Westpac Stadium in Wellington.

If people with greater capabilities than this humble blogger can do a search on all properties controlled/owned by Lloyd Cundy.  Then see where ACC are tenants. SNAP!

This cosy little club has been blown apart and the questions that need to be answered include:

  • Can the property concerned be taken under  the Proceeds of Crime Act?
  • What other deals have these parties (or some) been involved in? Rohan Hill was the agent involved in the ACC lease of new premises at the Vogel Building in Wellington, do the math on that deal, 13,000m sq @ $500psm x 19% commission = $1,295,000
  • Where was the tender process on this deal?
  • How many of the jobs given to Hi-Tech in the past 10 years were tendered on a competitive basis?
  • How much of Greg Hutt’s multi-million dollar house and $2m Lake Taupo holiday home have been funded by us, the tax payer, through no bid/none-tendered contracts.  Because of the cosy club most contractors will not bother tendering because the work will always be given to Hi-Tech and Greg Hutt.

Kudos to Nick Smith (crikey, did I just say that?) who smelled a rat and ordered an enquiry into ACC property matters following on from complaints about the ACC office in Nelson.

Much, much more to come on this. It certainly looks like there has been zero prevention, no care and we can only hope that the recovery option is valid for getting back the taxpayers millions.

And to think the deaf, dumb and blind men at Transparency International think there is no corruption in New Zealand.


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