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Tranz Rail
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==Securities Commission investigation== In late 2004, the [[New Zealand Securities Commission]] launched an investigation into the company regarding alleged insider trading. In June 2007, [[David Richwhite]] (along with his [[shell (corporation)|shell company]] Midavia Railroad, formerly Pacific Railway) agreed to pay NZ$20 million, but he did not admit liability at all.<ref>{{cite web |url=http://www.stuff.co.nz/business/161039/Richwhite-and-Fay-make-big-rail-profit |title=Richwhite and Fay make big rail profit |publisher=Stuff |date=18 February 2009 |access-date=18 January 2022 |archive-date=18 January 2022 |archive-url=https://web.archive.org/web/20220118183134/http://www.stuff.co.nz/business/161039/Richwhite-and-Fay-make-big-rail-profit |url-status=live }}</ref>
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