SFO finds no reason to investigate CAB complaint
“The board of Panuku Development Auckland Ltd has received notification from the Serious Fraud Office (SFO) that, following a complaint regarding the sale of the Auckland Council Civic Administration Building, it has no reason to suspect fraud, corruption or bribery on the part of Panuku Development Auckland, its employees or its agents.
“The SFO has conducted enquiries to determine if the threshold for a formal enquiry has been met. Panuku cooperated and provided information to the SFO. The board is pleased that the SFO has confirmed there is no reason to further investigate Panuku in relation to this process.
“The SFO also raised a concern regarding Panuku’s Chief Executive, Roger MacDonald, accepting an invitation from Mike Mahoney, Chairman of Tawera Group, to join him sailing in the Millennium Cup in January 2017.