South Canterbury Finance's McLeod, White found not guilty; Sullivan guilty of 5 charges

Mon, 13 Oct 2014

By Fiona Rotherham Oct. 14 (BusinessDesk) - South Canterbury Finance former chief executive Lachie McLeod and former director Robert White have been acquitted on all charges following the collapse of the company, while former director Edward Sullivan has been found guilty on five charges and acquitted on the remaining four. The verdicts were handed down this morning by Justice Paul Heath in the High Court at Timaru. The five-month trial which concluded in August followed the 2010 collapse of the finance company. Charges were laid by th...

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