SCF case adjourned until February

The South Canterbury Finance case has been adjourned until February and the five people charged will keep their name suppression until then.

The five people, who didn’t appear in the Timaru District Court today, were granted a registrar’s adjournment until Feb. 13 to allow for disclosure, and Judge Joanna Maze let name suppression continue until then.

The five face 21 charges relating to fraud worth $1.7 billion, including some $1.58 billion from the lender entering the government’s retail deposit guarantee scheme.

The Serious Fraud Office filed the charges in early December after a 14-month investigation.

(BusinessDesk)

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

CVT - Comvita Limited director nominations
September 4th Morning Report
BRW - Revised offer from Floorscape Limited for 100% of Bremworth
WIN - Winton Appoints Michael Stiassny as Independent Chair
WCO - Offer of new shares to selected investors
GNE - Genesis secures additional gas to strengthen fuel portfolio
FSF - Fonterra provides update on forecast FY26 earnings
September 2nd Morning Report
TWL - Amendments to Notice of Annual Shareholders' Meeting
Devon Funds Morning Note - 01 September 2026