22 Mar 2014

Viaduct Capital CEO dies

7:26 am on 22 March 2014

The former chief executive of a finance company which collapsed owing close to $8 million has died.

Nicholaas Wevers from Viaduct Capital died in Auckland on Wednesday.

Mr Wevers had been facing charges of theft in a special relationship and making false statements which carry maximum sentences of seven and 10 years in jail.

Viaduct Capital was put into receivership in 2010, owing 110 depositors $7.8 million.

The charges against Mr Wevers have been withdrawn. Five co-accused will appear in court in May.