New charges laid against Bridgecorp's Petricevic and Roest

Tuesday 9th September 2008

Bridgecorp executive directors Rod Petricevic and Robert Roest have been charged under the Securities Act with signing a prospectus that contained untrue statements.

The charges relate to statements in the prospectus that Bridgecorp had never missed payments of principal or interest, according to a Securities Commission statement. Bridgecorp is alleged to have missed many payments between February 2007 and its receivership in July that year.

The finance company collapsed last year owing 14,500 investors almost $460 million.

The commission, the Companies Office and the Serious Fraud Office are continuing their enquiries into Bridgecorp and other finance companies, the statement said.

By Jonathan Underhill

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