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

CORRECT: The story behind the collapse of Allan Hubbard's financial empire
Jenny Ruth
(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...

More Law & Regulation

Health and safety overhaul coming this week
Law & Regulation

Health and safety overhaul coming this week

The first tranche of changes announced on Monday has already provoked criticism.

Dileepa Fonseka 31 Mar 2025
Woolworths, Foodstuffs' Quin say divestment will lift prices
Retail

Woolworths, Foodstuffs' Quin say divestment will lift prices

An academic says claims that customers benefit from scale are overstated.

Gregor Thompson 31 Mar 2025
RBNZ signals U-turn on bank capital requirements
Finance

RBNZ signals U-turn on bank capital requirements

A major shift at RBNZ's first public outing since Adrian Orr's sudden departure.

Pattrick Smellie 31 Mar 2025
Auckland airport pares aviation charges
Markets

Auckland airport pares aviation charges

The change will save passengers about $150m over five years.

Pattrick Smellie 31 Mar 2025