Final Senior Executive In $355m Fuji Xerox Accounting Scandal Named

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Final Senior Executive In $355m Fuji Xerox Accounting Scandal Named

 news 2018-02-13 at 11:11:32 am Views: 100
  • #49786

    Final Senior Executive In $355m Fuji Xerox Accounting Scandal Named.
    The identity of another former senior executive facing a civil suit from office products company Fuji Xerox over a $355 million accounting scandal can now be revealed.

    By Sam Hurley.
    Image result for The identity of another former senior executive facing a civil suit from office products company Fuji Xerox over a $355 million accounting scandal can now be revealed.
    Neil Whittaker was a former managing director at Fuji Xerox (pictured in 2008)

    Mark Donald Allright is the second defendant listed in court documents between three branches of the Japanese-based company and three former senior executives.

    The other executives previously published and named in court documents are former managing directors Neil Whittaker and Gavin Pollard.

    Last September Fuji Xerox New Zealand, Fuji Xerox Finance and parent shareholder, Fuji Xerox Asia Pacific, filed civil proceedings in the High Court at Auckland against former senior executives from the New Zealand operation.

    In June, Japanese parent company Fujifilm had released an independent report which revealed "inappropriate accounting" in operations in New Zealand and Australia amounting to about $355m between 2011 and 2016.

    The National Business Review has reported the amount could be as much as $480m.

    Allright's identity has been previously suppressed, but a judgment by Justice Pheroze Jagose released today, following a hearing on Monday in the High Court, dismissed his application for interim name suppression.

    The judge also dismissed an application by NBR to inspect and publish the parties' statements of claim and defence in its newspaper and online.

    Allright had sought to keep his name secret until either a potential trial or further order of the court.

    NBR, represented in court by editor Duncan Bridgeman and reporter Victoria Young at the indulgence of Justice Jagose, accepted that its application was premature in advance of the defendants filing their defences, but said it required access to the court file to provide "fair, balanced and timely" report of the proceeding.
    http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11991235

    Image result for The identity of another former senior executive facing a civil suit from office products company Fuji Xerox over a $355 million accounting scandal can now be revealed.