Bail denied for Nathans Finance chairman
Former Nathans Finance chairman Roger Moses' bail application has been rejected at the Auckland High Court.
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Former Nathans Finance chairman Roger Moses' bail application has been rejected at the Auckland High Court.
Moses and fellow Nathans director Mervyn Doolan were handed prison sentences last week having been found guilty, eight weeks ago, of lying to thousands of out-of pocket investors about a Nathans prospectus aimed at raising $100 million from the public.
Both will now head to the Court of Appeal arguing instead for home detention.
Moses applied today for bail pending the appeal on the basis that the extra month in prison before the Court of Appeal hearing would be damanging because of his health and age.
Justice Paul Heath ruled it was not in the interests of justice in this case to grant bail. He said the time in jail before the Court of Appeal hearing would be taken into account if home detention was granted.
A Court of Appeal date has been set down for September 27.
Doolan did not apply for bail today.
Niko Kloeten
Mon, 05 Sep 2011
Mon, 05 Sep 2011
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Bail denied for Nathans Finance chairman
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