News and Analysis

The following are articles relevant to the Professional Investigator.   Click on the title to make a comment or join the conversation.

 


 

Research Impact: ‘Whistling While They Work’ – 28 March 2019

The Whistling While They Work (WWTW) project, led by Professor A J Brown of the Centre for Governance and Public Policy at Griffith University, is investigating employee and managerial experience in Australia and New Zealand to identify the factors that influence good and bad responses to whistleblowing across a wide range of organisations.

https://app.secure.griffith.edu.au/news/2019/03/28/whistling-while-they-work-has-research-impact/

NAB questioned on ‘catastrophic’ fraud oversight – 28 March 2019

The CEO of NAB (Phil Chronican) was questioned about how a $40 million fraud case went undetected for years, until a bank staff member blew the whistle. He said he was “distinctly unhappy” to learn of the alleged fraud and organisation needed much tighter approach to discipline on every element of the business. 

https://www.smh.com.au/business/banking-and-finance/nab-s-chronican-distinctly-unhappy-to-learn-of-alleged-fraud-20190327-p5184i.html

NAB to scrap scandal-plagued Introducer Program – 25 March 2019

National Australia Bank will scrap its controversial Introducer Program, in a bid to improve its reputation after the banking royal commission. NAB’s head of broker services Anthony Waldron admitted to the commission that the Introducer Program had breached responsible lending laws — which could expose the bank to both criminal and civil charges.

https://www.abc.net.au/news/2019-03-25/nab-dumps-controversial-introducer-program/10936034

Retail Food Group hoses down concerns it is in financial strife, but regulators could start circling – 15 March 2019

Retail Food Group (RFG) is accused of continually opening new outlets, some of which were unlikely to be viable, to profit from upfront fees. RFG directors will be investigated, over allegations of insider trading, tax avoidance, breaches of consumer law and other market disclosure failings.

https://www.abc.net.au/news/2019-03-15/rfg-hoses-down-concerns-it-is-in-financial-strife/10902194

‘Clear duty to intervene’: Government under pressure to save whistleblower – 8 March 2019

Senator Rex Patrick wrote to Attorney-General Christian Porter stating that if the case against Richard Boyle, (who is facing 161 years in prison after blowing the whistle on poor culture at the Australian Taxation Office) proceeded, it would make a mockery of the government’s advances in whistleblower policy, discourage whistleblowers across the public sector and undermine public confidence.

https://www.smh.com.au/business/small-business/clear-duty-to-intervene-government-under-pressure-to-save-whistleblower-20190307-p512i7.html

Court restrains luxury yacht after FBI fraud probe request – 8 March 2019

The US Justice Department made an urgent request to Aust­ralian counterparts last month, for assistance in seizing the 21.5m Dragon Pearl at the Gold Coast’s Hope Harbour marina. They are investi­gating Geoff Cassidy over the defrauding of millions of dollars from charter jet company, Zetta Jet and using embezzled funds to purchase­ the Dragon Pearl.

https://www.theaustralian.com.au/news/nation/court-restrains-luxury-yacht-after-fbi-fraud-probe-request/news-story/7dfd1a45e2201c1abdc1cdeb732e5154

From a private jet to a police cell: Rosemary Rogers charged over alleged NAB fraud – 5 March 2019

Rosemary Rogers, the former chief of staff to former NAB boss Andrew Thorburn, has been arrested and charged over alleged fraud. She has been charged with 56 counts of being an agent corruptly receiving a benefit, and dishonestly obtaining financial advantage by deception. Ms Rosamond from Human Group was also charged with more than 50 bribery and corruption related offences.

https://www.smh.com.au/national/nsw/from-a-private-jet-to-a-police-cell-rosemary-rogers-charged-over-alleged-nab-fraud-20190305-p511y1.html