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Allan Hubbard

South Canterbury Finance under SFO investigation

South Canterbury Finance under SFO investigation
Wellington, Oct 19 NZPA - The Serious Fraud Office (SFO) has launched an investigation into South Canterbury Finance (SCF) over a number of related party transactions that may have involved false statements or other fraudulent conduct.

Hubbard says Govt will pay for not supporting SCF deal

Hubbard says Govt will pay for not supporting SCF deal
Wellington, Oct 16 NZPA - Timaru businessman Allan Hubbard believes the Government could lose up to $1 billion for not supporting a bid to buy South Canterbury Finance (SCF).

Documents show decision-making tight rope on SCF

Documents show decision-making tight rope on SCF
Wellington, Oct 15 NZPA - Treasury argued in April that South Canterbury Finance (SCF) would fail quickly if it was not invited to join the extended Crown Deposit Guarantee Scheme.

Manager signals payment, Hubbard subordinates his interest

Manager signals payment, Hubbard subordinates his interest
Wellington, Oct 1 NZPA - Allan Hubbard has offered to subordinate his own interests and make up any losses to investors, say the statutory managers of his affairs in a report that identifies low recoveries from large related party transactions to the Hubbards.

Statutory manager signals first payment to Aorangi investors

Statutory manager signals first payment to Aorangi investors
Wellington, Oct 1 NZPA - The statutory managers of Allan Hubbard's business interests are signalling a first payment to investors in Aorangi Securities Ltd this month and say there are issues with the structure of Hubbard Management Funds (HMF) and how it can be wound up in a way that maximises r

Hubbard supporters lobby chief justice

Hubbard supporters lobby chief justice
Wellington, Sept 29 NZPA - The supporters of Timaru businessman Allan Hubbard have written to Chief Justice Dame Sian Elias, arguing his situation has become a human rights issue because he has undergone a trial by media.

Payment to SCF deposit, debenture holders due mid-October

Payment to SCF deposit, debenture holders due mid-October
Wellington, Sept 29 NZPA - South Canterbury Finance (SCF) debenture and deposit holders will be paid in the middle of October, Trustees Executors, the trustee says.

Hubbard supporters demand public inquiry

Hubbard supporters demand public inquiry
Wellington, Sept 20 NZPA - Supporters of Allan Hubbard are "demanding" a public inquiry into events that preceded the receivership of South Canterbury Finance (SCF), in which Mr Hubbard was the major shareholder.

Hubbard daughter 'grateful' investors covered

Hubbard daughter 'grateful' investors covered
Wellington, Sept 2 NZPA - The daughter of beleaguered South Island financier Allan Hubbard says she is "grateful" people will get their money back through the Crown deposit guarantee.

Doubts expressed about SCF as SFO continues investigation

Doubts expressed about SCF as SFO continues investigation
Wellington, Aug 30 NZPA - South Canterbury Finance is warning "there can be no certainty" recapitalisation and restructuring proposals will be successfully implemented, while the Serious Fraud Office says it will continue investigating related companies operated by Timaru businessman Allan Hubbar

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