Fury as city boss quits

Michael RedmanThe senior councilors of the Hamilton City have criticised the decision of allowing the chief executive Michael Redman to leave the firm early because of a top job with the Auckland super city. Some of the councilors have said he will steal the business off Hamilton. Mr. Redman was confirmed as the chief executive of a organization controlled by the council within the Auckland super city.

Sale slow for Auckland houses

real estateFor the fourth month, the rate of growth at house sales market is slow. As per Barfoot & Thompson, Auckland’s biggest real estate firm’s estimates, the percentage of houses has been slipped by 25% in September 2010, compared to the same month previous year.

The rate of growth in house sale at September 2010 is 8.1% more than August 2010.

Five Star directors in court

Neill WilliamsFormer Five Star directors Neill Williams and Marcus MacDonald are ordered to appear in the District Court of Auckland on today with their colleagues Anthony Bowden and Nicholas Krik after pleading guilty to the Companies Office charges in the last month. Krik and Bowden will appear in the court in the next week.

Auckland council severance payments examined

 Auckland council severance payments examinedThe Auditor General is investigating the severance payments of the chief executives of the eight local councils of Auckland. The Auditor General will also consider the payments which are to be paid at the end of this month as a part of the local government reforms of the region.

Goodman Property Trust poached by AMP NZ Office Trust again

Goodman PropertyGoodman Trust’s Chief Financial Officer, George Crawford has joined AMP NZ Office Trust. This is the second man from Goodman Trust to join AMP NZ Office. The first man was Mr. Scott Pritchard, who had joined as a new chief executive last month.

SFO investigated suspected $1.4m scam

SFO investigated suspected $1.4m scamThe Serious Fraud Office (SFO) has charge an Auckland businessman of unfairly getting more than $1.4 million at the time when he was general manager of a self running security equipment supply business.

Martyn Tewsley Scott, 51, comes out in the Auckland District Court yesterday accusation with seven representative counts of accessing a computer system for a fraudulent reason.

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