Businessman on theft charges

02:48, Jul 11 2012

A Manawatu farmer whose companies are being run by liquidators and receivers has found himself in court for allegedly stealing property from the people he owes money.

Robert Julian McVitty, 62, entered no plea when he appeared before a registrar in the Feilding District Court today on two charges of theft.

He is accused of stealing a trailer valued at $1500 from an individual, and $2834 of farm materials that belonged to the Bank of New Zealand.

Two of McVitty's companies, McVitty Properties and Patoka Dairies, were put into receivership about two years ago, owing more than $73 million to the bank.

Overall, the companies owed creditors about $83.5m at the time they went into receivership.

Latest reports show both companies still owe more than $65m to the bank.

McVitty was remanded until August 6, when he would have to enter a plea.

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Manawatu Standard