11:51 A body has been found in Titahi Bay address in Porirua after police were called by neighbours who complained about the smell.

11:50 Russian Maria Sharapova has pulled out of the US tennis Open on the eve of the tournament in New York.

11:49 There are fears a proposal to slash the protected status of hundreds of trees in Christchurch will see an unleashing of chainsaws.

11:47 Two teens charged over the robbery of a Christchurch liquor store at the weekend have appeared in the youth court. They were remanded without plea.

11:45 New Zealand driver, Scott Dixon is Indycar champion again after a win in the double-points finale at Sonoma Raceway - his fourth series win.

Wed, 19 Sep 2012

Post quake fraud big issue

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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