23 Jan 2012

Name suppression lifted in SCF case

6:36 pm on 23 January 2012

South Canterbury Finance's former chief executive Lachie McLeod has successfully applied to have his name suppression lifted in a $1.7 billion fraud case against the company.

Mr McLeod is one of five men facing charges.

Mr McLeod's lawyer Stephen Rennie says his client is very disappointed the Serious Fraud Office has included him in the charges, which will be defended.

Mr Rennie says Mr McLeod was not a director of South Canterbury Finance, and was not involved in its financial administration.

He says Mr McLeod relied on the integrity of Alan Hubbard, the board, and the company's professional advisers and he never had any reason to suspect any wrongdoing.

Terrence Hutton and South Canterbury Finance's former chief financial officer, Graeme Brown, successfully applied to have their name suppression lifted late last week.