A property developer who paid a former ACC official for confidential building information has pleaded guilty to a charge of bribery.
Gregory Hutt was charged by the Serious Fraud Office after he paid the ACC's former property manager, Malcolm Mason, $160,000 for information about a building ACC was intending to lease.
Hutt bought the Whangarei property, which was earmarked as an ACC branch, and sold it three years later for a profit.
Hutt was remanded on bail for sentencing next month and faces up to seven years in jail.
The SFO says while corruption is not a way of life in New Zealand, it is important that people do not become complacent about it.
