Monday 23rd June 2008
|Text too small?|
The finance company claimed that it had never missed an interest or principal payment but had missed many payment deadlines in the first half of 2007, according to a statement from Registrar of Companies Neville Harris. The company was put in receivership in July last year.
Bridgecorp faces one charge under the Securities Act of "allotting debenture stock to members of the public while knowing that its prospectus was false," the statement said. Petricevic and Roest each face two charges under the Securities Act and one each under the Companies Act.
Between February and May 2007, Bridgecorp's late payments were more than NZ$16 million, the statement said.
Bridgecorp's receivers estimate the company owes about NZ$450 million. Petricevic and Roest are due to appear in Auckland District Court on July 29.
No comments yet
28th October 2021 Morning Report
Wellington Drive Technologies Limited (NZX: WDT) Performs Strongly in Q3-2021
Ryman Healthcare Limited (NZX: RYM) Acquires Extensions to Two Existing Victorian Sites
Promisia Healthcare Limited (NZX: PHL) Banking Covenant Update
Pictor Limited Announces Start of US Clinical Trials for SARS-CoV-2 Serology Test
Arvida Group Limited (NZX: ARV) Opening of Rights Offer
Move Logistics Group Limited (NZX: MOV) Announces $40m Capital Raise
27th October 2021 Morning Report
The a2 Milk Company Limited (NZX: ATM) Investor Day 2021
Contact Energy Limited (NZX: CEN) Considers Green Capital Bond Offer