Remember when over $2.5 million worth of engines and transmissions were found to be missing (ahem, stolen) from Holden‘s Elizabeth Plant? Well, a press conference held yesterday by the South Australian Police has provided a few details into the investigation.
For starters, the police has identified the crime as “a high-level, sophisticated criminal fraud” leading to the arrest of a Holden employee on Tuesday night. In addition, Holden wants us to know that its “inventory tracking and audit systems are robust and in-line with global standards” and that the systems uncovered the missing parts in late 2010, triggering the launch of an internal investigation which took place before the police operation.
In any event, “GM Holden will continue its internal investigation and collaborate with police on this matter” and “all necessary steps will be taken to protect GM Holden from criminal activity”. So, it sounds like this was an inside job… which encourages us to remind ourselves as well as those still reading this not to bite the hand that feeds.