8 May 2009

Otago DHB fraudster's assets subject of hearing

7:45 pm on 8 May 2009

The assets of a man who defrauded the Otago District Health Board of $17 million are the subject of a Proceeds of Crime Act hearing at the High Court in Dunedin.

Michael Swann and Kerry Harford were jailed earlier this year for fraud.

Swann, the DHB's former IT manager kept $15 million, spending most of it on luxury cars, boats and property. He was sentenced to nine-and-a-half years' jail.

Harford, a Queenstown surveyor and friend of Swann's, was jailed for four years and three months.

The Solicitor-General wants custody and control orders over all Swann's known tainted assets, including the family home, a holiday house and three rental properties.

Some are owned by entities under Swann's control, others by trusts and some by his estranged wife Anna Devereux.

Ms Devereux is objecting to some of the orders, namely on the $1.5 million family home, where she and the couple's four sons live, and the chattels in the house.

Interim restraining orders are in place.