CBL chair ‘didn’t have control’, court hears
Former RBNZ acting governor Grant Spencer gives evidence in fraud trial of insurer’s former managing director and CFO.
Former acting Reserve Bank governor Grant Spencer.
A promise by CBL chair Sir John Wells that the company’s breach of Reserve Bank directions would not happen again cut little ice with the insurance regulator, the High Court has heard.
Giving evidence in the fraud trial of CBL managing director Peter Harris and CFO Carden Mulholland, then RBNZ
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