Published 7 September 2011
The trial of 5 Bridgecorp Ltd directors is set to start on Monday 10 October.
Justice Geoffrey Venning set the trial start date after an updating session in the Auckland High Court this morning. The trial had been set down to start on Monday, 5 September, but was delayed after Bridgecorp finance director Rob Roest was granted legal aid last Thursday.
Bridgecorp’s kingpin, managing director Rod Petricevic, remains unrepresented after failing to get legal aid. “You are self-represented by your own choice at the law at the moment,” Justice Venning told him.
The 5 directors – Mr Petricevic, Mr Roest, chairman Bruce Davidson and Australian directors Gary Urwin & Peter Steigrad – face prospectus & financial statement charges brought by the Securities Commission (now the Financial Markets Authority).
The Serious Fraud Office has also brought charges against Mr Petricevic & Mr Roest, expected to go to trial next year.
19 July 2011: 3.5c interim dividend for Bridgecorp investors
20 May 2010: SFO lays charges against Petricevic & Roest
15 September 2009: Roest files for bankruptcy ahead of receivers’ claim for over-remuneration
5 June 2009: Petricevic & Roest banned from running companies
7 August 2008: Petricevic bankrupted 9 days after criminal charges laid
3 July 2007: Receivers at Bridgecorp
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Attribution: Court hearing, story written by Bob Dey for the Bob Dey Property Report.