CBL’s Harris ‘had no choice,’ court hears

CBL’s Harris ‘had no choice,’ court hears
CBL's Peter Harris in the high court at Auckland. (Image: BusinessDesk)
Victoria Young
CBL Corporation managing director Peter Harris “had no choice” but to make payments that the Serious Fraud Office claims were illegal, the high court at Auckland has heard.  On Friday, Harris’ lawyer Rachael Reed continued her closing address in the judge-only trial.Harris and chief financial officer Carden Mulholland are facing several Crimes Act charges including "theft by person in special relationship", "obtaining by deception" and "false accounting".A key plank of the prosecution case is...

More Markets

Gentrack leads NZ sharemarket down almost 1%
Markets Market Close

Gentrack leads NZ sharemarket down almost 1%

The S&P/NZX 50 Index closed at 12,225.28, down 113.29 points or 0.92%.

Takeovers Panel will meet on NZME issue
Markets

Takeovers Panel will meet on NZME issue

The panel said in a media release today it had met on the issue of Grenon’s shareholding.

Asian stocks extend global rout
Markets

Asian stocks extend global rout

Tokyo shares fall as Trump predicts a coming US boom.

AFP 4:45pm
KMD Brands pulled into Trump trade war
Retail

KMD Brands pulled into Trump trade war

Like a lot associated with so-called ‘Liberation Day’, much remains uncertain.