Victoria University staffer quits amid probe into 'unexplained' transactions

Victoria University is investigating  "unexplained financial transactions", and a staff member has resigned.
JOHN NICHOLSON/ FAIRFAX NZ

Victoria University is investigating "unexplained financial transactions", and a staff member has resigned.

An employee of Victoria University of Wellington has resigned as the university calls in experts from Deloitte to investigate a possible fraud.

In response to questions, Victoria's chief operating officer Mark Loveard said the university's internal financial processes had revealed "unexplained financial transactions which are being fully investigated by Deloitte".

The staff member "has resigned and no longer works at Victoria", Loveard said, but he would not comment on whether police were involved in the investigation.

"Clearly, the university's general practice is to refer evidence of criminal offending to the police," he said.

"Victoria holds its staff to the highest ethical standards, and any incident like this is taken extremely seriously."

The statement did not say how much money was involved, when the transactions took place, or were detected.

"As the matter is still being investigated, we are unable to provide further information at this time."

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