Ming Miu, a former IT systems manager at McKay Shipping (New Zealand), appeared in the Auckland District Court last Friday to face fraud charges, after being extradited from Australia.
Miu is facing 72 charges under the Crimes Act, including 23 counts of using a document with intent to defraud and 49 counts of obtaining by deception, following an investigation by the Serious Fraud Office (SFO).
According to the SFO, Miu was employed by McKay Shipping as an IT systems manager from April 1999 to December 2006 and was responsible for managing McKay Shipping IT systems.
The SFO alleges that Mr Miu, while employed as an IT Manager at McKay Shipping, invoiced for both hardware and software which the company did not receive and that these invoices were allegedly falsified or inflated.
There was a civil case in the High Court over the matter in 2007.
The total value of the alleged fraud is estimated to be more than $1.4 million.
Miu previously left for Australia in January 2007 after his employer began an investigation into these issues. The SFO received a complaint in October 2007 and opened an investigation at that time. The charges were laid in December 2009.
Miu is next scheduled to appear in court for a bail hearing on Friday.