Public meeting in Timaru to discuss Hubbard

The voluntary group, Exposing Unacceptable Financial Activities (Eufa), is holding a public meeting in Timaru next Friday to discuss issues surrounding the statutory management of Timaru businessman Allan Hubbard.

The agenda is to inform investors of the lack of transparency and why Mr Hubbard was put into statutory management.

"Investors suffering will be empowered to have their say at the meeting, which will give the opportunity to put publicly on record, a demand for accountability and explanation, for the reasons their investments were put at risk," spokeswoman Suzanne Edmonds said.

The Government appointed Trevor Thornton and Richard Simpson of Grant Thornton as statutory managers of the affairs of Aorangi Securities, seven charitable trusts and Mr Hubbard and his wife last month.

- NZPA