Wed, 19 Sep 2012
interest.co.nz Managing Editor Bernard Hickey tells RadioLIVE's Marcus Lush A Deloitte expert has warned of the huge potential for fraud in the
Christchurch rebuild as billions of dollars of funds flows quickly
into the city. Construction was a particularly risky industry with
potential for backhanders, price fixing and cosy subcontracting
arrangements on big capital projects. The Serious Fraud Office has
even considered setting up an office there. It is already
investigating a fraud that could be worth up to NZ$250 mln.
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