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lachie mcleod

Judge queries South Canterbury Finance’s use of stand-in directors

The late Peter Symes

South Canterbury prosecutor confusion

Edward Sullivan and Robert White, chief executive Lachie McLeod and company accountant Terrence Hutton (TV3)

The South Canterbury Finance fraud trial has been diverted into arguments about correct disclosure

Thunder shakes court as reference made to Wizard of Timaru

Allan Hubbard

Bid to liquidate ex-SCF boss’ firm fails

Lachie McLeod

South Canterbury trial braces for delays

South Canterbury Finance audited accounts reveal breach

South Canterbury Finance has released its audited accounts for the June financial year allowing the company to get on with drawing up a new or amended prospectus.

The annual accounts, released to the stock exchange this morning, differ from the unaudited, preliminary results released on August 29.

The audited accounts also reveal the company is in breach of certain covenants relating to its $US100 million private placement and a $NZ100 million undrawn banking facility.