Law & Regulation

CORRECT: The story behind the collapse of Allan Hubbard's financial empire

Jenny Ruth
Sun, 05 May 2019

(Corrects details of Humphry Rolleston's sale of his company to Southbury in par 13) By Jenny Ruth May 6 (BusinessDesk) - Government officials wrongly decided after a flying visit to his Timaru headquarters that financier Allan Hubbard had stolen money from Aorangi Securities, an investment scheme he had been running. And John Key’s cabinet put him, his wife, Jean, and Aorangi into statutory management based on this false premise, in June 2010. That decision was effectively the nail in the coffin for Hubbard’s South Canterbury Finan...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets Wake Up Call
Wake Up Call: Land of irrigation and fertiliser
Staff reporters | Thu, 15 Apr 2021

Farm size, fertiliser use and irrigation will be under the spotlight in a new report released by Ministry for the Environment and Stats NZ.

Covid claims boutique vineyard Lamont Wines
Paul McBeth | Thu, 15 Apr 2021

After exhausting all other avenues, Lamont Wines investor Southern Ventures called in receivers to put the boutique winemaker on the block. 

How can we encourage property investors to pivot into tech?
Peter Griffin | Thu, 15 Apr 2021

Existing property investors may look to put an increasing portion of their wealth into other asset classes and that’s an opportunity for cash-hungry tech companies and the venture funds that can invest in tech on their behalf. 

Partner Content
Highlights from the New Zealand company earnings season

The February earnings season has provided a snapshot of the impact covid-19 has had on different sectors over the last six months and expectations for the year ahead.

Now’s the time to ask hard questions on our future land use

How can we work together to strengthen our economy and support Kiwis to prosper while protecting our natural environment and our climate.