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...

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