Two former freight employees have admitted receiving kickbacks totalling more than $350,000.
Peter Sanele and Mark Treadwell pleaded guilty to fraud and corruption charges laid by the Serious Fraud Office in Auckland District Court today relating to their work at Thermakraft Industries Ltd.
Sanele, a 55-year-old former factory manager, acknowledged one Secret Commissions Act charge of failing to disclose a pecuniary interest in a contract and two representative Crimes Act charges of dishonest use of a document.
Treadwell, a former director and shareholder of the company, also pleaded guilty to the charge of failing to disclose a pecuniary interest in a contract.
The total amounts received by Sanele and Treadwell, 61, as a result of their offending were $261,030 and $90,000 respectively, the SFO said.