Why Vector dropped charges against company executives

Why Vector dropped charges against company executives
Vector is continuing its pursuit of fraud charges. (Image: supplied)
Victoria Young
A just-released judgment in the Vector private prosecution sheds light on why the lines company dropped criminal charges against two company managers.The lines company laid criminal charges back in 2017 alleging fraud over a specific project. Vector claims it fixed the price with the company which then overcharged Vector by negotiating reduced prices with subcontractors.Secrecy orders prevent BusinessDesk from revealing the names of the two people or the construction company they worked for.  A trial started this week in the high court at...

More Law & Regulation

IMF cautions Govt against pushing back too hard against RBNZ
Law & Regulation

IMF cautions Govt against pushing back too hard against RBNZ

The International Monetary Fund (IMF) is cautioning the Government against bending over backwards and deregulating banks in a bid to spur more competition in the sector.Finance Minister Nicola Willis is getting advice on whether she should make the Reserve Bank of New Zealand (RB...

Gap between NZ and Aus bank interest margin grows
Economy

Gap between NZ and Aus bank interest margin grows

In New Zealand, 2024 net interest margins were flat at 2.34%.

Fresh child abuse charges for disgraced NZ businessman Ron Brierley
Law & Regulation

Fresh child abuse charges for disgraced NZ businessman Ron Brierley

New Zealand businessman Ron Brierley is facing three fresh charges of possessing child abuse material after an appearance in court in Australia on Tuesday.Aged 87, Brierley appeared in the Waverley Local Court in Sydney following his arrest by police on Tuesday morning.The multi-...

Staff reporters 11 Mar 2025
New Branz strategy to turn the tide of building failures
Law & Regulation

New Branz strategy to turn the tide of building failures

Every year, NZ is confronted with news of building flaws, the research body says.

Greg Hurrell 10 Mar 2025