New Zealand

Information about accused fraudster sought by Oamaru Police

New Zealand

Police in Oamaru is keen to know of any of the cases of cheating by a person accused of bungling millions of dollars in the last 20 years.

This person is James Lindon Graham, 67, or Lin Graham; and is facing the charges of fraud and money laundering in Oamaru District Court.

According to the detective Sergeant, Mike Ryde, Mr Graham was arrested after when a complaint was received about him, luring a number of persons of huge financial earnings on the money invested with Lin.

Hike in bad loan provisions for ANZ National; strong profit

ANZ National Bank is facing hard times by bad lending in New Zealand, and is featuring in the ANZ's financial results but is not at a loss, despite the unstable financial markets.

ANZ National, nevertheless, said that it employs 9000 people in New Zealand and contributes to 1 percent of gross domestic product.

In the nine months result, up to June 30, the bank reported a $NZ478 million profit, down 43 percent as compared to the last year; and for the local subsidiary the profit was reduced to $561m from the $960m during the previous year.

Google Maps now has access to Wellington’s public transport information

Google Maps

A latest feature introduced in Google Maps that allows the users to plan their trip using public transport, has provided access to Wellington's public transport information.

This has made Greater Wellington the only organization in New Zealand to have information regarding public transport included in Google Transit; thereby making Wellington is the first capital city in Australasia to use it.

Niwa to buy the world’s powerful supercomputers for $ 12.7mn

niwa

It has appeared that one of the world's strongest supercomputers is being bought by the National Institute of Water & Atmospheric Research (Niwa), for the purpose of environmental forecasting.

The latest IBM Power 575 supercomputer, which had been created to deal with some of the most difficult problems in energy, aerospace, weather and climate modeling fields, carries a price tag of $12.7 million, informed Niwa chief executive John Morgan.

Limited ministership days left for Hide, says Key

John Key

As per the media reports, New Zealand's Prime Minister, John Key feels that only a few days as minister might be left for Rodney Hide.

In a few days, the cabinet will receive a case from the ACT leader, where he will highlight as to why he wants to step down from his role as a minister, if Maori acquires a seat on Auckland's super city council.

It will be after this that a final decision will be made, and if in case it goes against Mr Hide; then it will be his last cabinet meeting as minister.

Three charges admitted by Blue Chip co-founder

Mark Bryers

Today, no word was spoken by Mark Bryers, the co-founder of Blue Chip at the court, as he left to his lawyer to confess his guilt to three charges. Out of these three, two were related to his failure to attend an important meeting or keep proper records for a Gulf Harbour Lodge.

Even when Bryers admitted his guilt, Blue Chip investor Tony Collingwood, who was at court today, did not appear satisfied.

He expressed, "I felt very angry and upset when I saw him - the fact that we could lose our family home."

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