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SCF accused keep names suppressed

The five individuals facing fraud charges relating to the $1.7 billion collapse of South Canterbury Finance have had their names suppression continued until next month.

 

Monday, 16 January 2012

At a hearing today in the Timaru District Court the case was adjourned until February 13.

Judge Joanna Maze allowed the five accused to keep their names suppressed until that date.

The five face 21 charges laid by the Serious Fraud Office in December after a 14-month investigation following South Canterbury Finance's collapse in August 2010.

Former South Canterbury Finance chairman Allan Hubbard died after a car crash in September last year.

Comments from our readers

On 17 January 2012 at 10:57 am Barry Milner said:
What possible justification is there for continued name suppression when these people have had months to warn family members of the impending action against them. It's not a matter of "name and shame" it's simply a matter of the public interest at this stage, the shame will follow when and if they are found guilty as charged, but given the SFO's record I wouldn't bet on the outcome.
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