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Hubbard court appearance delayed


Wheels of justice grind slowly as Allan Hubbard seeks a two-month adjournment.

NZPA
Thu, 30 Jun 2011

Timaru financier Allan Hubbard's first court appearance on 50 fraud charges was adjourned for almost two months.

His first appearance - set down for Monday - was adjourned until August 26 for initial disclosure and witness statements, The Timaru Herald reported.

His lawyer Mike Heron said an adjournment application was made with the consent of the Serious Fraud Office.

Timaru accountant and financier Mr Hubbard was charged with 50 counts of fraud on June 20 after a year-long investigation by the SFO.

Mr Hubbard, his wife Jean, their companies Aorangi Securities and Hubbard Management Funds, and several charitable trusts were placed in statutory management by the Government on June 20 last year owing millions.

The charges related to theft by a person in a special relationship, false statement by a promoter and false accounting.

His lawyers indicated the 83-year-old would fight the charges and any trial was expected to be up to a year away.

NZPA
Thu, 30 Jun 2011
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Hubbard court appearance delayed
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