5 May 2014

IT boss jailed for false accounting

11:59 am on 5 May 2014

An IT manager of one of the country's leading shipping lines has been jailed for three years and three months for false accounting.

Jimmy Ming Miu, 47, was sentenced in Auckland District Court on Monday after a jury found him guilty of 55 charges including using a document with intent to defraud and dishonestly using a document.

While working at McKay Shipping, Miu billed the company for $1 million worth of computer equipment purchased through his own company over six years.

Serious Fraud Officer Todd Simmonds told the court the bills were grossly over-inflated.

Judge David Harvey found the total losses to McKay Shipping were more than $380,000.

He said Miu had no previous record but showed no remorse for the offending that came about through a breach of trust.

Miu had to be extradited from Melbourne to face the charges.