Former Heart of the City boss to be released from prison

A man who stole more than $4 million from his company promoting Auckland attractions is due to be released from prison.

Former Heart of the City boss Alex Swney was jailed for more than five years in 2015 after being found guilty of various frauds spanning over a 10-year period.

A decision released by the Parole Board on Tuesday points to Mr Swney's "excellent conduct in prison", and his initiative to undergo psychological treatment.

"Mr Swney had engaged in 12 sessions with his psychologist. This had given Mr Swney an insight into the issues around his offending," it said.

"Whilst in prison he had helped others in his role as a literacy mentor. He had also assisted others with a yoga programme. Since June 2015 he had been in the self-care residences and working as an education support worker."

Mr Swney told the Parole Board he's ready to live a "much simpler lifestyle", and has no desire to live how he used to.

He will be placed under strict release conditions for two years.