UPDATE: Mutual, Viaduct failures were ‘commercial daring, not fraud’, court hears

(Adds testimony from Morrison, other details from hearing) By Fiona Rotherham Aug. 9 (BusinessDesk) - Property developer Paul Bublitz and other directors of failed finance companies Viaduct Capital and Mutual Finance say they weren’t part of any conspiracy to deliberately mislead investors for their own benefit and to the detriment of the companies. Bublitz and his co-accused, Bruce McKay, Richard Blackwood, and Lance Morrison, have pleaded not guilty to charges of theft, making false statements in a prospectus, and making false statem...