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Bridgecorp

Still no date for distribution to Bridgecorp investors

Still no date for distribution to Bridgecorp investors
Wellington, Sept 15 NZPA - Receivers of failed finance company Bridgecorp are still unable to say when they might be able to make any payouts to secured debenture holders.

Two NZ directors allowed to leave Fiji

Two NZ directors allowed to leave Fiji
Wellington, July 27 NZPA - Two Napier businessmen held by the coup regime in Fiji have successfully gone to the Fiji High Court at Lautoka to have a "departure prohibition order" lifted.

Bridgecorp receivers stymied by Fiji decree

Bridgecorp receivers stymied by Fiji decree
Wellington, June 23 NZPA - Receivers of the failed New Zealand finance company, Bridgecorp, are seeking legal advice after Fiji's coup administration issued a decree effectively seizing control of the Momi Bay development there.

SFO alleges fraud in Bridgecorp luxury boat acquisition

SFO alleges fraud in Bridgecorp luxury boat acquisition
Wellington, May 19 NZPA - Rod Petricevic, the managing director of failed financier Bridgecorp, is to face charges relating to the fraudulent acquisition of a $1.8 million luxury boat and another matter, the Serious Fraud Office (SFO) said today.

Strategic Finance under investigation: report

Strategic Finance under investigation: report
Auckland, May 8 NZPA - Failed finance company Strategic Finance is reportedly under investigation by the Securities Commission. Strategic, once headed by former New Zealand Rugby Union chairman Jock Hobbs who remains a director.

Strategic Finance receivers focus on selling loan book

Strategic Finance receivers focus on selling loan book
Wellington, May 7 NZPA - The receivers of Strategic Finance said they have received several expressions of interest in the company's loan book and they will not provide investors with a potential recovery range until it is sold for commercial reasons.

SFO expects decision on finance cos by end of month

SFO expects decision on finance cos by end of month
Wellington, March 19 NZPA - The Serious Fraud Office (SFO) expects to know by the end of the month what further action it will take on various finance companies under investigation.

Receivers Expect Complete Loss On Bridgecorp's Momi Loan

Receivers Expect Complete Loss On Bridgecorp's Momi Loan
Wellington, Jan 7 NZPA - Receivers of failed finance company Bridgecorp are expecting a "complete loss" on the company's loan exposure of more than $100 million on the Momi Resort development in Fiji.

Court Slams Director's `Commercial Irresponsibility'

Wellington, Sept 28 NZPA - Queenstown developer Rod Nielsen's business practices should be restricted and he must bear responsibility for commercial irresponsibility, says the High Court.

Court Orders Bridgecorp Director To Repay Excess Salary, Bonuses

Court Orders Bridgecorp Director To Repay Excess Salary, Bonuses
Wellington, Sept 15 NZPA - Former Bridgecorp director Rob Roest must repay $313,906 in excessive salary and a bonus, Justice Pamela Andrews has ordered in the High Court at Auckland.

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