8 Apr 2015

Bridgecorp's Roest granted parole

6:02 pm on 8 April 2015

A former director of the collapsed New Zealand finance company Bridgecorp has been granted parole less than half-way through his sentence.

In 2012 Robert Roest was jailed for six years and nine months for his part in financial mismanagement and fraud that cost 4500 investors a total of $120 million.

The Parole Board denied Roest parole previously, but said a psychological assessment showed he had a low-risk of re-offending.

However, it said the assessment also outlined Roest's traits of pride, detachment, and stubbornness, especially under stress.

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