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Second SPGI director pleads guilty to FMA charges

Second SPGI director pleads guilty to FMA charges

Company director, Mark Andrew Turnock, has pleaded guilty to a charge brought by the Financial Markets Authority (FMA), relating to his involvement as director of SPG Investment Company No.1 Limited (SPGI).

Mr Turnock appeared in the Auckland High Court today and pleaded guilty to the charge laid under the Financial Reporting Act.

The charge relates to Mr Turnock making false statements in the 2008 and 2009 SPGI financial statements.

Mr Turnock will be sentenced on 24 November 2015. The trial that was scheduled to commence on 12 October 2015, will now not proceed.

Last month, Mr Turnock’s SPGI co-director, Andrew Hrothgar Robinson, also pleaded guilty to FMA charges under the Financial Reporting Act, the Financial Advisers Act and the Financial Service Providers (Registration and Dispute Resolution) Act.

ENDS

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