Tuesday 9th September 2008 |
Text too small? |
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.
No comments yet
April 18th Morning Report
SKC - APPOINTMENT OF CHIEF EXECUTIVE OFFICER
Devon Funds Morning Note - 17 April 2024
Consultation opens on a digital currency for New Zealand
TWL - TradeWindow's $2.2 million capital raise now unconditional
April 17th Morning Report
NZ Energy sector remains top 10 amid global disruption
SCT - 2024 Half Year Announcement
Fletcher Building Executive Team announcement
Meridian Energy monthly operating report for March 2024