Former E-Gas managers found guilty of fraud worth up to $17M

Fri, 04 Apr 2014

April 4 (BusinessDesk) – Two former managers of gas retailer E-Gas were found guilty of fraud charges involving as much as $17 million related to under-reporting of gas usage. E-Gas former managing director Ronald Rosenberg and former general manager Sydney Lio Hunt were found guilty of the 82 Serious Fraud Office charges by Judge Bruce Davidson in the Wellington District Court. They have been remanded on bail for sentencing on May 29 and face a maximum penalty of seven years' prison. The quantum of the fraud is subject to another hearing....

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