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

ComCom takes One NZ to court
Infrastructure

ComCom takes One NZ to court

The commission alleges some breaches are ongoing. 

Coal mine consent restrictions to ease
Primary Sector

Coal mine consent restrictions to ease

Coal mine resource consents will be treated like any extractive mining application.

BX Foods fails to get statutory demand set aside
Primary Sector

BX Foods fails to get statutory demand set aside

Separately, it's launched proceedings against its former managers.

Riley Kennedy 15 Apr 2024
CRP's trading halt lifted after clarifying fast-track statements
Primary Sector

CRP's trading halt lifted after clarifying fast-track statements

Chatham Rock Phosphate said it had been requested to apply for the new regime.

Ian Llewellyn 12 Apr 2024