Vector pursues private fraud prosecution

Vector pursues private fraud prosecution
Victoria Young
Vector has spoken publicly for the first time about a private prosecution it has brought against a company which it believes “behaved fraudulently in carrying out a significant project.”There are heavy secrecy orders over the case, which will not come to trial until October 2020. The lines company said in a statement the amount which is the subject of the charges exceeds $1 million.“This followed a whistle-blower from the company raising serious concerns with Vector.”'Inflated infrastructure costs'“Vector has taken this action because it s...

More Law & Regulation

ComCom clears Woolworths ready-meal deal
Retail

ComCom clears Woolworths ready-meal deal

The Commerce Commission granted clearance for Woolworths Group to acquire ready-meal manufacturer Beak & Johnston.Through facilities in New Zealand and Australia, Beak & Johnston (B&J) makes and supplies ready-to-eat meals under its brands to grocery retailers, wholesalers, and f...

Gregor Thompson 17 Apr 2025
ComCom pushes KiwiRail to compensate customers for cancelled ferry sailings
Law & Regulation

ComCom pushes KiwiRail to compensate customers for cancelled ferry sailings

More people whose travel plans are derailed by Interislander ferry cancellations will now be eligible for compensation.Interislander, which is owned by the state-owned enterprise KiwiRail, is loosening its approach towards compensating customers affected by mechanical breakdowns...

Staff reporters 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025
Ministry for Regulation turns its eye to telecommunications
Law & Regulation

Ministry for Regulation turns its eye to telecommunications

Minister for Regulation David Seymour and Media and Communications Minister Paul Goldsmith said the Ministry for Regulation's fourth sector review will focus on the telecommunications sector.The ministers have decided to implement the review on the back of concerns raised by...

Rebecca Howard 16 Apr 2025