SFO ends probe into ACC property deal

16:00, Mar 25 2013

An investigation into alleged corruption on an ACC property deal has ceased.

The Serious Fraud Office was called in by ACC last month after the corporation received a letter alleging the deal for its Taranaki St offices in Wellington, negotiated by convicted fraudster Malcolm Mason, was corrupt.

ACC started an internal investigation and asked the SFO to investigate whether the allegations were linked to previous inquiries into Mr Mason.

In March 2011, Mr Mason, ACC's national property manager, pleaded guilty to corruption and bribery charges and was sentenced to 11 months' home detention after admitting he took a $160,000 bribe in return for confidential information about corporation property in Whangarei.

SFO general manager fraud and corruption Nick Paterson said it had considered the information provided by ACC.

"We will not be taking any further action at this stage," he said.


Fairfax Media