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The New Zealand sailing team said they had sent
the money to the wrong account after a European-based television
contractor they were dealing with was hacked.
Local media reported that more than NZ$1 million ($644,800) was
sent to the account and TNZ chief executive Grant Dalton said in
a statement on Wednesday that once the problem was discovered
the team contacted the police.
"The fraud/theft was reported to the NZ Police who alerted the
relevant international authorities with all appropriate steps
being instigated ... to attempt to recover the funds," Dalton
said in the statement.
TNZ have come under scrutiny this week after the government
agency responsible for the America's Cup said it had questions
about "financial and structural matters".
The Ministry of Business, Innovation and Employment (MBIE)
launched the investigation after allegations were made about
financial mismanagement at the America's Cup Event (ACE)
organisation, which will run next year's event in Auckland.
The allegations surfaced after TNZ said on Tuesday they had
terminated the contracts of people, who worked for ACE, that
they suspected of leaking confidential commercial information.
Teams from Britain, Italy and the United States are due to
compete next year in revolutionary "foiling" monohull yachts to
decide who will challenge New Zealand in a series of
head-to-head races for the America's Cup, known as the "Auld
Mug".
(Reporting by Greg Stutchbury; Editing by Alexander Smith)
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