BREAKING NEWS
Renee Duckmanton case: Man charged with murder ... Read more
Close

Serious Fraud Office saved from axe

Last updated 01:14 10/12/2008

Relevant offers

Politics

Stacey Kirk: Remission but no cure, with a healthy Budget boost for ailing an health system Budget 2016: Bill English Budget criticised as 'sticking plaster on compound fracture' Tax cuts more viable after 'safe, secure' budget? Budget 2016: What Budget 2016 tells us about the next election Mike Williams: Govt delivers a Budget that strives to ignore the housing crisis Bowel cancer screening news welcomed after years of advocacy Prime Minister John Key says Parliament security threat was 'distressing' Budget 2016: Funding for social housing 'still a Band Aid', not a long-term solution National praises 'sensible' Budget, while Labour slams 'patchwork of half-baked ideas' Budget 2016: $291m boost to ease pressure on overstretched prison system

The Serious Fraud Office has been saved.

Prime Minister John Key told Parliament today it would not be abolished under a National government.

The previous government intended disbanding it and merging it with a new organised crime unit under the authority of the police, and a bill was in Parliament to do that.

The bill had to be put on hold when the SFO started its inquiry into donations to New Zealand First, and wasn't passed before the election.

"They'll be staying, and they'll be investigating some very interesting crimes, I would suggest, over the next few years," Mr Key said.

"Those who have broken the law, maybe those who have defrauded New Zealanders out of their retirement savings with all sorts of dodgy schemes, are going to know that the Serious Fraud Office will be here, with all its powers, to investigate them."

- NZPA

Ad Feedback
Special offers
Opinion poll

Should the speed limit be raised to 110kmh on some roads?

Yes

No

Vote Result

Related story: 110kmh limit moves closer

Featured Promotions

Sponsored Content