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Govt sets up $2 mln fund to help SMEs caught up in Fonterra’s false food scare
Sept. 11 (BusinessDesk) - The government has set up a $2 million fund for small and medium sized exporters whose business has been caught up in Fonterra Cooperative Group’s false food scare. At a briefing in Auckland, Primary Industries Minister Nathan Guy and Trade Minister T...
Bridgecorp was on a path to insolvency when it issued its prospectus, Crown says
By Tina Morrison Sept. 11 (BusinessDesk) – Bridgecorp, the failed finance company whose directors were imprisoned for making false statements in offer documents seeking investor funds, was on the path to insolvency when it issued the prospectus in 2006, Crown lawyer Brian Dicke...
SFO gets top ASIC litigator as new boss
Sept 11 (BusinessDesk) – The new head of the New Zealand Serious Fraud Office is an Australian, Julie Read, currently Special Counsel (Litigation) at the Australian Securities and Exchange Commission. After a decade at ASIC, the Australian equivalent of the Financial Markets Au...
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