Forestlands former director Rowan Kearns pleads guilty to FMA charges

Thu, 09 Feb 2023

Rowan Kearns, the former sole director of the Forestlands Group, has pleaded guilty to several charges related to disclosure and financial record keeping.Three charges were brought by the Financial Markets Authority (FMA) against Kearns in September 2020 and were expected to be tried by jury in March 2023 following an initial not-guilty plea.At the time of the filing, the FMA said security arrangements of a million-dollar loan were knowingly omitted from financial statements, misrepresenting the financial position to investors.With Kearns&rsquo...

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