Former CBL CFO Carden Mulholland ordered to pay $1.2m for disclosure breaches

The penalty decision followed a nearly six-week trial in the High Court at Auckland. (Image: NZME)

Fri, 27 Jun 2025

Former CBL Group chief financial officer (CFO) Carden Mulholland must pay $1.2 million in penalties and costs for breaches of continuous disclosure requirements, the Financial Markets Authority (FMA) says.CBL Corporation (CBLC) was listed on the NZ and Australian stock markets before a series of financial and regulatory issues led to its collapse and eventual liquidation in 2019.Last year, former CBL managing director Peter Harris was ordered to pay $1.4 million for breaches of continuous disclosure and misleading conduct.ProceedingsThe FM...

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