19 Apr 2011

Home detention for former Lion Foundation head

3:05 pm on 19 April 2011

The former head of the Lion Foundation has been sentenced to 12 months' home detention and community work for false accounting.

The charges brought by the Serious Fraud Office relate to three journal entries between 2002 and 2004 in the Lion Foundation accounts.

The entries had the effect of writing-off almost $520,000 of debt owed by the Strathern Inn in Invercargill.

Conroy made the journal entries without the knowledge of the board in order to hide the true amount owed to the Lion Foundation by the Strathern Inn.

The Serious Fraud Office says Conroy aided the fraud by effectively hiding someone else's offending.

SFO director Adam Feeley says the fact that Conroy made no direct personal gain from it does not in any way excuse it.

Sharon Ogilvy, an owner of the inn, pleaded guilty to two charges of theft and was sentenced in 2009.