RAM funds spent on BMW, booze, court told
ANZ Bank oversaw payments from Ross Asset Management’s client account which paid for a BMW, wages, ACC levies and other office expenses such as alcohol, the High Court at Wellington heard. Justin Smith QC is representing more than 500 former investors who are claiming $80 million...
ANZ says RAM investor claim lacks specifics
A lawyer for the ANZ Bank has criticised a lack of detail in a Ross Asset Management investor class action in a bid to get it thrown out of court. The former bankers for David Ross are trying to get an $80 million investor class action, representing more than 550 investors, kicke...
UPDATED: SFO now has two electoral expense cases on the books
(Updates to include second case) The Serious Fraud Office confirmed it would receive two referrals from NZ Police regarding mayoral election expenses. The fraud agency has said it will assess referrals regarding the electoral expenses of Christchurch Mayor Lianne Dalziel a...
SFO tasked with Christchurch mayor election expenses case
The Serious Fraud Office has picked up another politically sensitive job as it assesses a referral from police into Christchurch Mayor Lianne Dalziel’s electoral expenses. The case is the latest political investigation for the agency which has this year laid charges against f...
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