30 Aug 2012

Former Belgrave director jailed 3 years for fraud

7:55 pm on 30 August 2012

Former Belgrave Finance director Shane Buckley has been jailed for three years on fraud charges.

The sentencing took place in the Auckland District Court on Thursday.

In May this year, Buckley pleaded guilty to 23 charges laid by the Serious Fraud Office related to more than $18 million worth of loans Belgrave made to various entities between June 2005 and March 2008.

He also pleaded guilty to two charges of making false statements, laid by the Financial Markets Authority in a joint prosecution.

SFO chief executive Adam Feeley says the sentencing is important to efforts to ensure that the legal system holds those responsible for financial crimes to account.

Earlier this year, Belgrave's former finance director Stephen Charles Smith and an associate, Raymond Tasman Schofield, were committed for trial on similar charges.

Their trial is scheduled to begin on 29 April next year.