Thursday 28th April 2011 |
Text too small? |
A former director of a company involved in providing x-ray equipment has appeared in North Shore District Court, after the Serious Fraud Office (SFO) alleged he created false documentation with the aim of overstating the strength of his financial position.
Former Koru Medical Radiology director Alan John McMillan's appearance related to 21 charges brought by the SFO, which said the false documentation included financial statements and sale and purchase agreements.
It was alleged that McMillan used the false documents to support applications for finance and extensions to overdraft facilities from the Bank of New Zealand, Westpac Bank and Marac Finance, the SFO said today.
Loans obtained by McMillan totalled $6.5 million. He also obtained overdraft facilities totalling $1.8 million, some of which were extended by the alleged use of false documentation.
McMillan was remanded on bail to May 20.
NZPA
No comments yet
GTK - Half-Year Results Announcement Date
Government ends war on farming
Sky and BBC Studios renew expanded, multi-year agreement
AOF - Q1 Improved Trading Performance & FY24 Guidance Maintained
Devon Funds Morning Note - 23 April 2024
April 23rd Morning Report
RYM - Group CEO Update
BGI - Director Michael Chai
RAD - Final Dividend and Strong FY24 Operating Performance
RYM - Group CEO Update