LWR’s Anderson jailed for 6 years for fraud, second defendant fined $2,000

Mon, 25 Nov 2013

Nov. 25 (BusinessDesk) - Kenneth Anderson, a former director and owner of failed clothing maker Lane Walker Rudkin Industries, has been jailed for six years after pleading guilty to fraud. Anderson last month pleaded guilty to three representative charges under the Crimes Act of dishonestly using a document and a further one representative charge under the Act. The charges relate to false statements used to get lending facilities and a letter of credit from Westpac New Zealand, which resulted in $70 million of losses. His co-accused, who was...

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