SFO files CBL-related charges; FMA sues CBL, directors and CFO

SFO files CBL-related charges; FMA sues CBL, directors and CFO
Jenny Ruth
The Serious Fraud Office said it has filed criminal charges following it and the Reserve Bank's investigation into CBL Insurance and associated entities.The announcement follows the Financial Markets Authority's statement earlier today that it has launched two separate civil cases against collapsed insurer CBL Corp, its six directors and former chief financial officer.The SFO didn't say who its charges were against or which laws it alleges were broken and said it won't be making further comment at this stage.The FMA said it is proposing both it...

More Finance

Surcharge ban may not be a win for consumers
Finance

Peter Griffin: Surcharge ban may not be a win for consumers

There are winners and losers in the surcharge move.

Peter Griffin 30 Jul 2025
FNZ employee shareholders stake claim at $7.7b
Finance

FNZ employee shareholders stake claim at $7.7b

The claim has been lodged in the High Court at Wellington.

Victoria Young 29 Jul 2025
FMA warns lenders on mortgage fraud
Finance

FMA warns lenders on mortgage fraud

The FMA sees dangers for borrowers if lenders aren't vigilant.

Staff reporters 25 Jul 2025
‘Teflon Man’ Neil Quigley’s next big job
Finance Analysis

Pattrick Smellie: ‘Teflon Man’ Neil Quigley’s next big job

Is the RBNZ lining up a Canadian replacement for Adrian Orr?

Pattrick Smellie 23 Jul 2025