The closing arguments at the Wellington High Court will signal the final stage of the trial of former cabinet ministers Sir Douglas Graham and Bill Jeffries, along with fellow director Lawrence Bryant and chief executive Michael Reeves.
The criminal trial of four Lombard Finance directors is due to resume tomorrow, not today as reported by some media outlets.
The closing arguments at the Wellington High Court will signal the final stage of the trial of former cabinet ministers Sir Douglas Graham and Bill Jeffries, along with fellow director Lawrence Bryant and chief executive Michael Reeves.
The men have been charged with five counts of criminally misleading Lomard investors.
While portrayed as “sound” when Lombard collapsed in 2007, the company actually owed 4400 investors about $127 million.
The case, being heard by Justice Robert Dobson, began in October.
