BREAKING NEWS
Germany, Argentina locked at nil-all, Football World Cup final goes to extra time ... Read more
Close

Ludlow denied bail ahead of appeals

Last updated 13:29 27/11/2012

Relevant offers

Money

Kill your mortgage faster Foreigners banking on a KiwiSaver goldmine Self-discipline is key to manage money Strong dollar drives sales Fewer homes on the market Rising house prices blamed on lack of land - report Beat the power bills with solar, say couple The story behind your coffee price Christchurch $3000 job incentive nets 50 Families feel bite of food cost

Former National Finance director Trevor Allan Ludlow has been refused bail pending an appeal against his six years and four months' prison sentence and some of his convictions.

In a decision issued today, the Court of Appeal said Ludlow was convicted of offending involving significant dishonesty and that he had taken $3.7 million from National Finance. Even after liquidation, the unrecovered amount was $2.9m.

The court said there was nothing about the merits of the appeals against either conviction or sentence which persuaded the three judges that bail was needed in the interests of justice.

His appeals are due for hearing in the early part of next year.

As it stands Ludlow will be eligible to be considered for parole in early 2014.

Ad Feedback

- (Live Matches)

Special offers

Featured Promotions

Sponsored Content