Hubbard misled investors, says suppressed 2011 report

Hubbard misled investors, says suppressed 2011 report
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...