A "trusted" chief financial officer has been accused of stealing more than $100,000 from a company founded by millionaire entrepreneur Bill Buckley.

Buckley Systems provides 90 per cent of the world's silicon chips, which are used in almost all electronic equipment.

Stephen Howe of Forrest Hill is charged with using a Buckley Systems computer three times to dishonestly obtain the company's money. Ten further charges relate to using invoices from Howe's company, JT Management.

The offending is alleged to have taken place between August 2010 and March this year. Howe's lawyer Todd Simmonds told the Herald on Sunday the police alleged his client had dishonestly taken more than $277,000.


Howe, 52, has denied the charges and will next appear in Auckland District Court on July 9.

He told the Herald on Sunday on Friday, "It's an employment issue to do with my interpretation of my contract."

Buckley director Janice Urlich, however, said Howe was a contractor, and the situation was not an employment issue.

Buckley, last year made a Companion of the New Zealand Order of Merit, could not be contacted.