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MBIE lifts Fuji Xerox suspension from government business

MBIE lifts Fuji Xerox suspension from government business

Suspension from government supply agreement lifted "on a probationary basis"

Fuji Xerox is out of the government's dog house after accounting scandal.

Fuji Xerox is out of the government's dog house after accounting scandal.

Credit: Dreamstime

Fuji Xerox New Zealand will resume supplying print technology and logistic services to government customers from next month.

The Ministry of Business, Innovation and Employment announced it is lifting Fuji Xerox’s suspension from the all of government print technology and associated services (PTAS Agreement) from 1 May, on a probationary basis.

Fuji Xerox was suspended from the agreement on September 29, 2017 after a financial scandal came to light and is still under investigation by the Serious Fraud Office.

In 2017, an independent committee investigated irregularities related to the overstatement of revenue from photocopier leases at Fiji Xerox NZ and Fuji Xerox Australia.

The company lost $472 million and top level executives in Australasia and Japan left the company.

Fuji Xerox New Zealand’s managing director, Peter Thomas, said the reinstatement reflects the company’s work to remedy past issues and new processes put in place to ensure they don’t happen again.

“We have made significant changes to the business including implementing a new governance structure, a new leadership team and stronger management practices," he said. 

“We’ve learnt some difficult lessons and are grateful for the opportunity to return as a supplier to government.

New Zealand's National Business Review first reported the emerging scandal in September 2016, questioning a $51 million loss reported by the local subsidiary after years of bumper results.


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