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

NZ sharemarket starts week down 0.8%
Markets Market Close

NZ sharemarket starts week down 0.8%

The S&P/NZX 50 Index closed at 13,351.92, down 115.34 points or 0.86%.

ANZ NZ continues to hold market-leading position: ANZ Group
Finance

ANZ NZ continues to hold market-leading position: ANZ Group

ANZ NZ holds market-leading position, continues re-platforming: ANZ Group 

Trump's trade war hits the NZX
Markets

Trump's trade war hits the NZX

The kiwi dollar fell to a six-month low against the greenback.