Ludlow fights appeal bail refusal
Jailed former National Finance director Trevor Ludlow has appealed a refusal to grant him bail ahead of his full appeal hearing into his six year and four month jail sentence.
Ludlow had pleaded guilty to theft and false accounting after the finance company's 2006 collapse. He was sentenced to a prison term of five years and seven month but hen pleaded guilty to eight Securities Act charges and a further nine month term was added.
He asked the Court of Appeal for bail to allow him to prepare for a full appeal next year.
Acting for himself from Springhill prison via videolink, Ludlow said he did not have access to things like a fax or computer and filing things the court needed would be easier if he was on bail. He denied being a flight risk or that he was likely to reoffend.
The Crown had opposed his appeal. The Court reserved its decision.
Ludlow’s ex-wife, former National Finance director Carol Braithwaite was sentenced to 10 months' home detention and 300 hours of community service at the High Court in Auckland in September for misleading National Finance directors.