Finance company boss got it wrong
Contrary to his claims last week, troubled former finance company boss Allan Ludlow did receive correct information from the Serious Fraud Office over the charges they laid against him.
Contrary to his claims last week, troubled former finance company boss Allan Ludlow did receive correct information from the Serious Fraud Office over the charges they laid against him.
The ex-National Finance 2000 managing director last week accused the SFO of trying to “ambush” him by “slipping in” a new charge in his fraud case.
But when questioned as part of his High Court trial on seven SFO charges this week, Mr Ludlow admitted that he did receive documents from the SFO but didn’t realise what they were.
The SFO would not comment when approached by NBR last week.
National Finance was put into receivership in 2006 owing $24 million. Receiver PricewaterhouseCoopers has predicted a total return of about 47% to debenture investors.
The Financial Markets Authority’s case against the company’s former directors is scheduled to go to trial in August in the High Court at Auckland.
NBR staff
Wed, 13 Jul 2011
Wed, 13 Jul 2011
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Finance company boss got it wrong
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