21 Oct 2010

Man admits defrauding business of $1.4m

4:08 pm on 21 October 2010

An Auckland man who was general manager of a security equipment supply company has admitted defrauding it of $1.4 million.

Martyn Tewsley Scott, 51, pleaded guilty to seven representative charges of accessing a computer for dishonest purpose when he appeared in the Auckland District Court.

Scott was employed by National Fire and Security for six years and manipulated the company's computerised accounting system on more than 380 occasions to redirect payments due to creditors to bank accounts he controlled.

He also created false supplier invoices to cover payments made to his bank account.

Scott has been remanded in custody and will be sentenced on 27 January.