Ex-CEO named in South Canterbury SFO case

Name suppression has been lifted from former South Canterbury Finance chief executive Lachie McLeod, who faces charges relating to the company's collapse.

Tuesday, 24 January 2012

McLeod, who resigned from the role in 2009, is one of five individuals facing a total of 21 charges laid by the Serious Fraud Office after a 14-month investigation into South Canterbury Finance, which went into receivership in August 2010 owing $1.6 billion.

Last Monday Judge Joanna Maze granted the five continued name suppression until their next appearance in the Timaru District Court on February 13.

However, on Friday two of the defendants, former chief financial officer Graeme Brown and Timaru chartered accountant Terry Hutton, applied to have their name suppression removed, followed by McLeod yesterday.

Two other defendants continue to have name suppression.

McLeod's lawyer Stephen Rennie said his client was disappointed the SFO had chosen to lay charges against him.

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