Hubbard misled investors, says suppressed 2011 report

Sun, 13 Jan 2013

By Paul McBeth Jan. 11 (BusinessDesk) - Former National Bank chairman John Anderson concluded Timaru businessman Allan Hubbard had misled investors in his tangled affairs, in a report written shortly before Hubbard's death in a car accident in September 2011. The report by Anderson and Deloitte insolvency specialist Rod Pardington has been released after a 16 month wait that included an appeal to the Ombudsman's Office, which had intended to suppress the comment about Hubbard making "misleading representations to investors" but mistakenly rel...

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