28 Mar 2009

Blue Chip principal in court

9:02 am on 28 March 2009

The co-founder of the failed property investor Blue Chip, Mark Bryers, faced a raft of new charges when he appeared in Auckland District Court on Friday.

Blue Chip collapsed in February last year, with more than 2,000 investors owed $84 million.

At his appearance on Friday, Mr Bryers pleaded not guilty to seven charges, which relate to his failing to attend examinations by the liquidators of Swordfish, Bribanc and Blue Chip joint ventures.

About 60 additional charges have been laid for failing to keep proper books and records and for making false or misleading statements to the Companies Office.

Mr Bryers has been remanded on bail without plea on the additional charges until a status hearing on 29 May.