Bridgecorp duo in court next month

Former Bridgecorp directors Rod Petricevic and Robert Roest will reappear in court next month after their appearance today was rescheduled. Petricevic and Roest, the managing director and chief financial officer respectively of the failed finance company, were due to appear in Auckland District Court today charged with the fraudulent acquisition of a $1.8 million luxury boat using Bridgecorp investors' money. Petricevic also faces a separate charge of making dishonest payments of $1.2m of Bridgecorp funds to a business entity called ABb.

Former Bridgecorp directors Rod Petricevic and Robert Roest will reappear in court next month after their appearance today was rescheduled.

Petricevic and Roest, the managing director and chief financial officer respectively of the failed finance company, were due to appear in Auckland District Court today charged with the fraudulent acquisition of a $1.8 million luxury boat using Bridgecorp investors' money.

Petricevic also faces a separate charge of making dishonest payments of $1.2m of Bridgecorp funds to a business entity called ABb.

The case has been re-scheduled to August 9.

The charges laid by the Serious Fraud Office (SFO) are in addition to several laid under the Crimes Act, Companies Act and Securities Act under which they have already been committed to trial.

Petricevic and Roest were month committed to trial on six new charges laid under the Crimes Act and two under the Companies Act laid following alleged false statements.

The two men in addition to former Bridgecorp directors Gary Urwin, Bruce Davidson and Peter Steigrad, also face 10 charges under the Securities Act.

All charges - bar those brought by the SFO - are set to be heard by a judge alone at a 12-week trial set to start on July 4 next year, unless an application is made to hear them separately.

Bridgecorp collapsed in 2007, owing thousands of investors almost $460 million.

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