[Finance]

Many of the referrals came from car salespeople but also those on Winz benefits who were anxious for there to be no record of the cash payments. “As an assurance I gave an undertaking that I wouldn’t disclose their details that was going to effect their employment as a car salesman or a Winz benefit,” Dewar told the authority. “From my point of view, I just wanted the deal.” John Dewar, centre, was jailed for 4 1/2 years in 2007 for trying to cover up alleged sexual offending by serving police in the 1980s against former Rotorua woman, Louise Nicholas (file photo). On other occasions, applicants would apply directly to Dewar for a loan and would be charged a brokerage fee of up to $600. As there was no external broker to pay this sum to, Dewar credited the money to his own personal loan account with WeCare Finance. An independent forensic examination found $18,600 was taken and credited to Dewar’s loan account without the knowledge and consent of company directors. Dewar said he used his loan account as a repository and the funds were later paid to those who referred business to WeCare Finance. “I accept I was pretty liberal with the process because I had control over it,” Dewar told ERA member Robin Arthur.​ “I wasn’t personally getting any gain. I was under pressure from ... the board to get results. I did that in a way that obviously exposed me personally to risk.” The same investigation found evidence of company funds being deposited into Dewar’s own personal bank account.

https://www.stuff.co.nz/national/123359625/disgraced-excop-john-dewar-embroiled-in-finance-company-sacking-stoush

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[Finance]

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