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

Commerce Commission approves Huntly agreement
Markets

Commerce Commission approves Huntly agreement

Gentailer deal to keep Rankine unit running gets a quick tick.

RBNZ says risks linked to new mortgage lending contained
Economy

RBNZ says risks linked to new mortgage lending contained

House prices near the top of RBNZ's range of sustainable estimates.

Climate policy changes show 'drift rather than discipline'
Law & Regulation

Climate policy changes show 'drift rather than discipline'

The role of the Climate Change Commission will be reduced under climate law changes.

NZ's financial stability risks higher than in recent years
Finance

NZ's financial stability risks higher than in recent years

The RBNZ says global uncertainty and underperformance are key factors.

Staff reporters 05 Nov 2025