Timeline indicated for probe into Aorangi Securities
Updated at 9:00 am on 27 April 2011
The Serious Fraud Office expects to conclude its investigation into Alan Hubbard's investment fund, Aorangi Securities, in the next two to three months.
It's been a long wait for the 400 investors in the company, who are collectively owed $100 million.
The Government placed Mr Hubbard and his wife under statutory management in June last year, along with seven charitable trusts, Aorangi Securities and, later, Hubbard Management Funds.
SFO chief executive Adam Feeley says it is one of their biggest investigations and he expects to reach a decision soon on whether to lay charges.
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