AIA
17/02/2016 16:04
GENERAL
NOT PRICE SENSITIVE
REL: 1604 HRS Auckland International Airport Limited
GENERAL: AIA: AIAL Employee dismissed after internal review
Media Release | 17 February 2016
Employee dismissed after internal review identifies unexplained financial
transactions
Following an internal review process conducted by Auckland Airport, the
company has identified several unexplained financial transactions by a
non-executive employee. Auckland Airport has dismissed the individual
employee concerned and has referred the matter to the New Zealand Police.
Civil proceedings have also been commenced against the individual concerned.
The Auckland Airport Board has engaged our internal auditors, EY, to
undertake a full forensic investigation. The investigation by EY has
identified $1.84 million to date of unexplained financial transactions. The
EY investigation is continuing.
Phil Neutze, Auckland Airport's chief financial officer, says, "The Board and
Management take this matter very seriously. With the assistance of EY we have
taken immediate steps to review our internal processes and controls."
"It is important for investors to note that while this is a very serious
matter, the sum of money involved does not impact our current financial
statements or previous reported results."
"We are unable to comment further at this time due to the ongoing Police
investigation and because the matter is now before the courts," says Mr
Neutze.
Ends
Contact:
Simon Lambourne
+64 27 477 6120
[email protected]
End CA:00277822 For:AIA Type:GENERAL Time:2016-02-17 16:04:36
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