Court Report: Gross impropriety
Hamish McNicol discusses the latest court stories on NBR Radio and on demand on MyNBR Radio.
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A $17 million claim against ASB Bank and a $500,000 loan delaying an FMA trial feature in this week’s Court Report.
Court reporter Hamish McNicol reveals the latest in a long-running dispute between ASB and two former shareholders in a Napier vehicle insurance company.
The emergence of a document has seen the claim, which has twice failed, swell to more than $17 million in damages, because it proves ASB should have never authorised cheques presented by an employee who ultimately turned out to be a fraudster.
Otherwise, Mr McNicol provides more insight into financier Paul Bublitz successfully seeking a six-month delay to a trial in which he faces 49 charges brought by the Financial Markets Authority.
Entities linked to a Queenstown property development will advance him $500,000 to cover legal fees he is otherwise unable to pay, with the trial now set for August next year.
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NBR Radio
Thu, 19 Nov 2015
Thu, 19 Nov 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Court Report: Gross impropriety
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