|
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
Spark NZ announces new receivables financing structure
December 22nd Morning Report
TRU - Commercial Opportunities for Western Europe and Middle East
GEN - General Capital Subsidiary Credit Rating Update
Fonterra updates 2025/26 season Farmgate Milk Price
FRW - Acquisition of VT Freight Express
PaySauce Opens $1m Share Purchase Plan
December 17th Morning Report
RUA - Successful rights offer is oversubscribed
Steel & Tube - Shareholder Newsletter - December 2025