Celebrating 25 Years of Scoop
Criminal Charges Laid Against Lombard Directors
Criminal Charges Laid Against Lombard Directors
The Securities Commission today confirmed that it has laid criminal charges against Lombard Finance & Investments directors Sir Douglas Graham, Michael Reeves, William Jeffries and Lawrence Bryant.
These charges relate to the same allegations as the civil proceedings announced earlier this week.
The criminal charges are laid under section 58 of the Securities Act and carry a maximum penalty of five years imprisonment or fines of up to $300,000. They were laid in the District Court at Wellington on 14 April 2010.
The Commission acknowledges the assistance of PricewaterhouseCoopers, the Lombard Finance & Investments receivers, with the investigation.
As these proceedings are now before the Court it would not be appropriate for the Commission to comment further.
ENDS
Ashburton Art Gallery: Crustacean Celebrities Of Aotearoa New Zealand On Display At Ashburton Art Gallery And Museum
Kaikoura Dark Sky Trust: Kaikōura Dark Sky Trust Achieves Prestigious International Dark Sky Sanctuary Status
REINZ: REINZ August Data - Property Market Stable As Sentiment Improves
MBIE: Low Hydro Lake Levels Drive Increase In Non-Renewable Electricity Generation
IFSO: Insurance Doesn’t Cover Everything
University of Auckland: Study Explores Value Of Autonomy Over AI
