Fuji Xerox Sues Former Executives

Originally published by Print21

Fuji Xerox sues former NZ executives

Fuji Xerox has launched High Court legal action against former senior Fuji Xerox New Zealand (FXNZ) executives over an accounting scandal that inflated revenue at FXNZ and Fuji Xerox Australia by $450 million.

In a statement on Wednesday, the company said Fuji Xerox New Zealand, Fuji Xerox Finance and parent shareholder Fuji Xerox Asia Pacific had filed civil proceedings at the High Court in Auckland against former senior executives in the New Zealand operation.

The company did not identify those named in the court action and declined to say how many former employees were involved.

“Fuji Xerox is committed to resolving these past issues and ensuring they do not happen again,” said Fuji Xerox Asia Pacific chief executive Isamu Sekine.

“Customers can be confident that Fuji Xerox New Zealand is committed to running its business in a principled way and will continue to lead the market in the delivery of print, document management and business optimisation solutions.”

An independent investigation ordered earlier this year by parent Fujifilm Holdings identified a “sales at any cost” culture at the Australasian subsidiaries and revealed that former FXNZ and FXA managing director Neil Whittaker was paid more than a million dollars to leave FXA after the discovery of “accounting irregularities.”

FXNZ MD Gavin Pollard left the company in August.

Earlier this month, Fuji Xerox appointed Japanese-based corporate vice-president Hirokazu Komaki to the newly created role of chairman of the board at FXA in a bid to tighten control of the local operation.

Last week, New Zealand extended its temporary ban on Fuji Xerox NZ from accepting any new government work for another six weeks.

The NZ government spent $55m with the company between 2012 and 206.

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