SFO evaluation clears Maclean Technology sale
A preliminary investigation by the Serious Fraud Office (SFO) has found there is no proof that fraud occurred in the sale of the assets of liquidated company Maclean Computing to Maclean Technology.
A preliminary investigation by the Serious Fraud Office (SFO) has found there is no proof that fraud occurred in the sale of the assets of liquidated company Maclean Computing to Maclean Technology.
Creditors of the failed technology company Maclean Computing are heading for a showdown with liquidator Waterstone Insolvency at a meeting scheduled for Tuesday August 14.
The Serious Fraud Office (SFO) has officially laid charges against former Datasouth managing director, Gavin Bennett.
The SFO alleges that Bennett orchestrated a $103 million fraud involving a Ponzi-style scheme and false accounting.
The former MD now faces six representative charges under the Crimes Act, relating to approximately 900 separate incidents of alleged misuse of a document, along with two charges of false accounting.
Bennett allegedly created false documents relating to a lease of IT equipment to fraudulently obtain funds from South Canterbury Finance totalling approximately $65 million, between April 2005 and March 2011.
IT solutions provider Datasouth, which went into liquidation on March 31, owes millions of dollars to more than 80 potential creditors according to a preliminary report by the company's appointed liquidators.
Spencer predicts consolidation in ISP market in coming months
ISPs are circling to offer services in place of Asia Online, which has been sold after going into voluntary liquidation late last month.
Failed ISP Asia Online has been bought, reportedly by Dresden Equities, a holding company which already owns several ISPs throughout New Zealand.
Concerns about company's viability as far back as April
More than 1000 items will be sold to cover as much debt as possible
Interested parties still trying to understand the quality of database
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