An Auckland construction business has pleaded guilty to New Zealand’s first criminal prosecution for cartel conduct, with sentencing scheduled in the High Court next month. In exchange for its early guilty plea, prosecutors dropped similar charges against the company’s director, while a co-defendant previously faced a $500,000 fine for bid rigging.
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Absolute Traffic Solutions liquidated over $1.1m Inland Revenue debt, 85 staff sacked
Eighty-five employees at Auckland's Absolute Traffic Solutions lost their jobs after the company faced liquidation due to $1.1 million in debts to the Inland Revenue, including $937,000 in GST and $192,000 in PAYE tax. Following the liquidation, about 60 staff have been re-employed on short-term contracts as the liquidator intends to sell the business. Want More Context? 🔎
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