Bridgecorp trial delayed further
The Bridgecorp directors trial has been delayed for the 4th time and is now expected to start on October 25.
The Bridgecorp directors trial has been delayed for the 4th time and is now expected to start on October 25.
This follows an Auckland High Court hearing this morning to deal with legal representation.
Bridgecorp managing director Rod Petricevic will continue to be represented by Charles Cato who withdrew from the case in July when legal aid was denied.
Mr Cato confirmed this morning that Mr Petricevic was not legally aided.
Justice Geoff Venning said that they adjournment was necessary to ensure all four accused were properly represented.
He said it was expected that the trial would not finish this year and may have to continue in January.
The Financial Markets Authority brought the case alleging Bridgecorp directors Rod Petricevic, Rob Roest,Gary Urwin, Peter Steigrad and Bruce Nelson Davidson, breached the Securities Act by making untrue statements in investment statements and registered prospectuses in December 2006.
Bridgecorp collapsed in 2007 owing 14,000 investors $459 million.
A separate trial to hear a Serious Fraud Office case against Mr Petricevic and Mr Roest has been delayed until the FMA prosecution is concluded.
Jock Anderson
Wed, 05 Oct 2011
Wed, 05 Oct 2011
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Bridgecorp trial delayed further
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