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

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