Auckland employee sacked over missing $1.8 million

by |
Yet another high-profile employee-fraud case seems to have hit New Zealand, with Auckland International Airport at the centre of the latest financial scandal.

The airport confirmed on Wednesday that it had dismissed a non-executive employee and called in police after uncovering “unexplained transactions” to the tune of $1.8 million, adding that the unnamed employee will also be pursued through the courts.

Chief financial officer Phil Neutz said the investigation was still ongoing and attempted to reassure investors.

"It is important for investors to note that while this is a very serious matter, the sum of money involved does not impact our current financial statements or previous reported results," he said.

Danny Toresen, a director of private investigation firm Thompson and Toresen, said employee theft is widespread and indiscriminate.

"It can be any industry, from small family-owned to big public companies,” he told the New Zealand Herald. “Most businesses put trust into people and there's always a certain percentage of the population who will abuse that trust.”
  • Sue on 22/02/2016 3:14:49 p.m.

    And let's also not forget that it sometimes happens because management have been lax in their own 'overseeing' role. At least one place I worked the manager gave passwords to an employee who used them to steal.

  • Stephen Hawkins - I- On Investigations on 21/02/2016 5:14:18 p.m.

    Let's not forget that fraud is committed at all levels and can also be done by the company directors, it is not just employees.

HRD Forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Name (required)
Comment (required)
By submitting, I agree to the Terms & Conditions