Economy

'Voluntary suspension' for Fuji Xerox no longer voluntary

'Voluntary suspension' for Fuji Xerox no longer voluntaryā€¯

Fallout from its accounting scandal is continuing for Fuji Xerox.

Fuji Xerox New Zealand has been suspended from one of its government contracts and completely dumped from another after more than $350 million in accounting irregularities were found at the company.

The ministry (MBIE) said it had "formally suspended" Fuji Xerox from supplying printers and copiers to public sector agencies and ended a contract under which it could supply other office supplies. FXNZ has the full resources and capabilities to meet all current needs, and there will be no disruption to eligible agencies who are already receiving products and services from FXNZ under the AoG contracts.

Some 93 agencies are customers of Fuji Xerox through the all-of-government contracts.

"Effective immediately, the suspension from PTAS prevents FXNZ signing up new business with agencies - including state schools", MBIE government procurement general manager John Ivil said.

The company would still be required to meet its existing contractual obligations to customers, he said. That suspension was to allow MBIE time to study the implications of a report from the Independent Investigation Committee established by Fuji Xerox's parent, FUJIFILM Holdings, into an global accounting scandal which originated at the New Zealand subsidiary. The review into this report has now resulted in a formal suspension being applied.

Three weeks ago the ministry said it would put off making a final decision on whether Fuji Xerox meets the suitable criteria for contracted services until after the election because it needed time to consider the full implications of the independent report on the accounting scandal that has cost its Japanese parent almost $500 million.

Meanwhile, sacked Fuji Xerox New Zealand managing director Gavin Pollard says he's been made a scapegoat by the Japanese parent and has launched a legal challenge to get his job back.

"MBIE has given Fuji Xerox NZ clarity on what is required for us to achieve this as well as their requirements to lift the suspension".

MBIE said Mr Thomas left the government department two months after Fuji Xerox's appointment to the all-of-government office supplies panel and had no role in the process for decision-making of that.

The company in July agreed to a suspension from taking on any new New Zealand government contracts.



Like this

Latest


02 October 2017
Ballon d'Or without Lionel Messi, Cristiano Ronaldo: Who would have won?
Real Madrid have secured the long-term future of Marco Asensio after agreeing a new six-year contract with the striker. He then spent the following campaign with Espanyol, before making his mark at the Santiago Bernabeu last season.

02 October 2017
Utility companies donate $250K to disaster relief efforts for Puerto Rico, Mexico
And while her family survived, her grandmother's house is almost destroyed and they have been struggling to get basic needs. The pair had to stop three times for directions and even call Nieves' family in NY on a satellite phone to get help.

02 October 2017
Trump attacks 'politically motivated ingrates' in Puerto Rico
President Donald Trump says Washington is - in his words - "fully engaged in the disaster and the response and recovery effort". Trump tweeted over the weekend criticizing the mayor of San Juan for poor leadership as relief efforts were underway.

02 October 2017
Mourinho on why Lukaku won't be rotated by Man Utd
In Aguero's absence Gabriel Jesus will most likely be restored to Pep Guardiola's team bursting with goals this season. On the road, Watford had to fight to come back from two goals down to draw 2-2 against West Bromwich Albion.

02 October 2017
The Peoples Financial Services CORP. Increases Position in Vodafone Group Plc (VOD)
JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Vodafone Group Plc in a research note on Wednesday, January 11th. It fall, as 45 investors sold MGM shares while 137 reduced holdings. 66 funds opened positions while 117 raised stakes.

02 October 2017
Michigan State vs. Michigan: Odds, Spread & Opening Pick
The Michigan State Spartans and Michigan Wolverines meet Saturday in college football action at Michigan Stadium on ABC. In the receiving end, Sean McKeon posted 82 yards in five receptions while Zach Gentry added 48 yards and a touchdown .

02 October 2017
Ricciardo third in Malaysian Grand Prix
The stewards will be looking, however, at the crash between Stroll and Vettel, to determine which driver was at fault, if any. Vettel's last win came at the Hungarian GP before the summer break, moving him 14 points clear of Hamilton.

02 October 2017
Alberta RCMP searching for missing boater near Vulcan
Risky winds have halted search and rescue efforts for a missing boater on McGregor Lake near Vulcan. Two of the boaters made their way to a nearby boat while a third male successfully swam to shore.

02 October 2017
Messi asked me to join Barca during Brazil vs Argentina - Paulinho
The Brazilian has revealed Messi convinced him to move to the Nou Camp as he was lining up a free-kick during an global friendly. Barca president Josep Maria Bartomeu was initially accused of signing the Brazilian to enhance his own business interest.

02 October 2017
Child taken by father who shot ex-wife in the head
UPDATE AT 12:30 P.M.: The Las Vegas Metropolitan Police Department says the woman was shot two times, one being to the head. Investigators say they are in the process of sending out an Amber Alert if Rozada-Tamayo is not located soon.



Recommended