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.
