Bridgecorp directors to be prosecuted
Bridgecorp Ltd. and executive directors Rod Petricevic and Robert Roest face criminal charges over alleged false statements in a company prospectus.
Monday, June 23rd 2008, 4:31PM
by Jonathan Underhill
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.
(businesswire.co.nz)
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