Crown drops charge against ex-SCF finance chief Graeme Brown

Mon, 05 Aug 2013

Aug 6 (BusinessDesk) - The Crown has dropped its one charge of false accounting against former South Canterbury Finance chief financial officer Graeme Brown. Justice Paul Heath today granted the application to remove Brown’s name from the indictment, according to a statement by Brown’s counsel, Richard Raymond. Brown was one of five people charged by the Serious Fraud Office over the collapse of the Timaru-based lender controlled by the now-deceased Allan Hubbard. The others include former directors Ed Sullivan and Bob White, former chief...

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