Bridgecorp’s Roest loses appeal against conviction, sentence

Fri, 08 Nov 2013

Nov. 8 (BusinessDesk) - Bridgecorp’s former finance director Rob Roest has lost his appeal to overturn his sentence and conviction for signing off on untrue statements in the failed lender’s offer documents. The Court of Appeal today dismissed his appeals that Justice Geoff Venning erred in convicting him on 18 counts under the Securities and Crimes Act charges and the six-and-a-half year jail term imposed was too severe. Bridgecorp collapsed in 2007 owing some $459 million to about 14,500 investors. In striking down Roest’s appeal of his c...

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