Last of the finance company trials underway

By on August 8, 2016
Last of the finance company trials underway

A property developer's plan to buy a finance company and transfer assets to it was allegedly "from the beginning a conspiracy to commit criminal offences", the High Court heard today.

Paul Bublitz and his co-accused, the court heard, allegedly stole or permitted the theft of capital from two now-failed finance companies - Viaduct Capital and Mutual Finance.

These companies went into receivership in 2010, owing investors a total of $17 million.

Bublitz - with co-defendants Bruce McKay, Richard Blackwood and Lance Morrison - on are trial in Auckland and have pleaded not guilty to the charges they face.

Read the full article by Hamish Fletcher > The New Zealand Herald - nzherald.co.nz




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