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  • Serious Fraud Office says new investigation under way into Fuji Xerox

    Posted on Business Day, by Tom Pullar-Strecker

    "The Serious Fraud Office has re-opened its investigation into scandal-hit Fuji Xerox NZ.

    Spokeswoman Andrea Linton said that while it was technically a new investigation, the SFO was taking a second look at the "same subject matter" that it had previously investigated.

    The Serious Fraud Office closed an inquiry into the company's affairs last year, saying it would take no action in the wake of an accounting scandal at the company.

    Fuji Xerox believes local employees inappropriately brought forward hundreds of millions of dollars in revenues from long term contracts in an accounting move that would..." [read more at www.stuff.co.nz]