21 Oct 2008

Former Bridgecorp bosses back in court

7:58 pm on 21 October 2008

Two of the heads of the failed finance company Bridgecorp have again appeared in the Auckland District Court.

Rodney Petricevic and Rob Roest are accused of making false statements in a company prospectus and a directors certificate about the time it took to repay investors.

The charges carry maximum penalties of five years in prison and fines of up to $5000,000.

The accused were remanded on bail to reappear on 16 December. No pleas were taken.

Bridgecorp collapsed on 2 July 2007, owing $500 million to 18,000 investors.