SCF trial call-over delayed
Court appearances have been further delayed for the five men facing charges laid by the Serious Fraud Office following its investigation into South Canterbury Finance.
The five, Lachie McLeod, Edward Sullivan, Robert White, Graeme Brown and Terrance Hutton, were due to appear in the Timaru District Court on Friday to face 21 charges laid by the SFO but have been adjourned to Wednesday March 27, 2.15pm.
The Timaru District Court registrar confirmed the delay this afternoon.
"Due to administrative and other procedural matters the first call over of the matter of the Serious Fraud Office (SFO) versus five defendants has been adjourned until Wednesday March 27, 2013 at 9.15 am. Appearances of the accused have therefore been excused on Friday, January 25, 2013."
Background: South Canterbury Finance Limited (SCF) was placed into receivership on 31 August 2010 owing approximately $1.8 billion.
As the company participated in the crown retail deposit guarantee scheme, the eventual loss will be borne by the crown.
The Timaru Herald