SFO evaluation clears Maclean Technology sale
LATEST NEWS
SUBSCRIBE
Computerworld is New Zealand's only specialised information systems fortnightly. Subscribe now for $100 (23 issues) and save more than 37% off the cover price!
SIGN UP
A preliminary investigation by the Serious Fraud Office found no evidence of fraud in the sale of the assets of Maclean Computing
By Sim Ahmed | Auckland | Thursday, 16 August, 2012 | 13 Comments
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.
Since Computerworld reported on the Maclean Computing asset sale last month, some have questioned the legality of such a move, especially since it emerged that Maclean's unsecured creditors, who are collectively owed $953,000, are likely to remain unpaid. One anonymous commentator on the Computerworld website asked whether Computerworld had sought the view of the SFO on the matter. We decided to take that suggestion up.
Computerworld has been told by the SFO that an "evaluation" of the Maclean Computing liquidation was undertaken following a complaint made last month.
According to the SFO website, preliminary work is conducted on all complaints to determine whether to recommend it for further action - which could result in a full investigation. In this case the SFO says it found “no evidence of serious or complex fraud” and no further action will be taken.
“It did not meet the criteria for an SFO investigation,” says a spokesperson for the SFO.
Comments
Move along... nothing to see here
Just because the SFO says something does not mean it is so.
The police declined to prosecute a social security minister who unrepentantly broke the law.
They also failed to charge officers who broke the law in the Kim Dotcom raid, likewise in the Tuhoe raids.
But there is no corruption in NZ.
It is a 'green' land and maori have definitely had a fair go,
because the powers that be tell the sheep so...
Posted by Anonymous at 19:07:38 on August 20, 2012
The police declined to prosecute a social security minister who unrepentantly broke the law.
They also failed to charge officers who broke the law in the Kim Dotcom raid, likewise in the Tuhoe raids.
But there is no corruption in NZ.
It is a 'green' land and maori have definitely had a fair go,
because the powers that be tell the sheep so...
Posted by Anonymous at 19:07:38 on August 20, 2012
Unnecessary Comments
It would be prudent to keep the discussion in CW confined to professionalism rather than drain the effort to understand of what and how things happened in this rolling saga.
These unprofessional comments would only benefits MCL/MTL side of the story .
This saga would potentially shape the future of the IT service providers in NZ.
Posted by Anonymous at 10:55:27 on August 17, 2012
These unprofessional comments would only benefits MCL/MTL side of the story .
This saga would potentially shape the future of the IT service providers in NZ.
Posted by Anonymous at 10:55:27 on August 17, 2012
The SFO?
Next stop is the SPCA, or maybe the United Nations. Perhaps the Waitangi Tribunal can be asked for their opinion and we will have another breathless story: Waitangi Tribunal looks into Maclean!
If I am reading this right, the SFO did not give Macleans the all clear they did not even bother to look at it. An "evaluation", that CW had the wisdom to put in quotation marks, is probably a polite way of saying "We have better things to do here but we have to answer every complaint from every citizen, so sure, we evaluated this".
Posted by Bob at 14:02:50 on August 16, 2012
If I am reading this right, the SFO did not give Macleans the all clear they did not even bother to look at it. An "evaluation", that CW had the wisdom to put in quotation marks, is probably a polite way of saying "We have better things to do here but we have to answer every complaint from every citizen, so sure, we evaluated this".
Posted by Bob at 14:02:50 on August 16, 2012
The SPCA
SPCA - were there already - Society for Protection of Chris and Alan.
Posted by funny guy at 16:24:22 on August 16, 2012
Posted by funny guy at 16:24:22 on August 16, 2012
The SPCA
That was funny, Funny Guy!
Like your work.
Posted by BOB at 16:33:13 on August 16, 2012
Like your work.
Posted by BOB at 16:33:13 on August 16, 2012
The SPCA
Badum bum chssshhh.*crickets*
Posted by Anonymous at 16:30:36 on August 16, 2012
Posted by Anonymous at 16:30:36 on August 16, 2012
The SFO?
Quoting the SFO website:
"Our Purposes & Roles
Fraud involving those in important positions of trust
(e.g. lawyers)
Matters of bribery and corruption
Any other case that could significantly damage
New Zealand's reputation for fair and free financial markets minus corruption."
Is this matter falls in any of the above categories?
Posted by Anonymous at 14:21:35 on August 16, 2012
"Our Purposes & Roles
Fraud involving those in important positions of trust
(e.g. lawyers)
Matters of bribery and corruption
Any other case that could significantly damage
New Zealand's reputation for fair and free financial markets minus corruption."
Is this matter falls in any of the above categories?
Posted by Anonymous at 14:21:35 on August 16, 2012
It's not a Game and it's not Over
Just because its not fraud doesn't mean it's right. Go read the Phoenix Company law. Very specific rules need to be adhered to. If I can see some that havent I bet a few other creditors lawyers can too. The best result now would be for MTL (same building same logo same contracts same management) to be declared liable for the debt by a high court wouldn't it?
Posted by researcher at 12:19:15 on August 16, 2012
Posted by researcher at 12:19:15 on August 16, 2012
It's not a Game and it's not Over
Because the SFO isn't interested doesn't imply in any way that fraud has not occurred, (nor am I inferring that it has), simply that "serious fraud" has not occurred.
Chris (or "bob") has the power to put all this to bed,simply by saying that they he will repay the creditors as the funds become available. He would also recieve an enormouse amount of respect and support from across the industry.
Posted by Anonymous at 15:11:11 on August 16, 2012
Chris (or "bob") has the power to put all this to bed,simply by saying that they he will repay the creditors as the funds become available. He would also recieve an enormouse amount of respect and support from across the industry.
Posted by Anonymous at 15:11:11 on August 16, 2012
MOST POPULAR
Social Media @Computerworld NZ
Computerworld NZ has now reached LinkedIn! Join to expand your networks and meet others interested in information systems.
