Fuji Xerox suspends NZ govt contracts as MBIE investigates financial irregularities

Tue, 25 Jul 2017

By Sophie Boot July 26 (BusinessDesk) - Fuji Xerox New Zealand is to suspend all three of its all-of-government contracts with New Zealand government agencies as the Ministry of Business, Innovation, and Employment waits to read the full report on irregular accounting practices at the company. Japanese parent Fujifilm Holdings last month revealed $355 million of "inappropriate accounting" in operations in New Zealand and Australia between 2011 and 2016, according to a report by an independent investigation committee. Fuji Xerox's chairman...

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