Crown withdraws charges against ex-SCF group accountant Terrence Hutton

Wed, 23 Oct 2013

Oct. 24 (BusinessDesk) - The Serious Fraud Office intends to withdraw two charges against former South Canterbury Finance group accountant Terrence Hutton in the country’s biggest ever fraud case. The white-collar crime investigator won’t pursue two charges alleging false accounting in relation to the recording of a $25 million loan and a $10 million loan after reviewing the charges originally laid in December 2011, it said in a statement. Hutton was one of five people originally charged over the collapse of the Timaru-based lender, and is...

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