SFO starts new Blue Chip probe
While separate from the rest of the SFO's major probe into the collapsed group, a final report on which has been completed and is under consideration, the latest investigation adds another sorry chapter to the tale of once NZX-listed Blue Chip, which collapsed in 2008 owing more than 2000 investors more than $84 million.
SFO director Adam Feeley said police had forwarded information "suggesting that documents provided to investors by a Blue Chip franchise employee were misleading".
"There is also an allegation that lending documents may have been altered by that employee to induce financiers into lending funds for property investments."
Police had decided the matters raised were appropriate for SFO investigation.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
