Former high-flier pleads not guilty

Last updated 15:48 14/07/2014

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Controversial former high-flier Jamie Peters has today pleaded not guilty to charges brought by the official assignee that he breached the terms of his bankruptcy.

Peters, who as an Auckland developer once held a place on the NBR Rich List, was bankrupted in 2009 with debts totalling more than $180 million.

The official assignee sought to extend Peters' bankruptcy last year, but the application was denied by the High Court in Auckland.

Peters claimed the application was "motivated primarily by a wish to punish him," and Associate Judge David Abbot said the official assignee's case was "cirumstantial".

The official assignee is appealing this decision, and in the meantime has charged Peters in the

Auckland District Court with managing a business while bankrupt, making untrue statements to creditors and concealing property.

Peters' lawyer, David Chisholm QC, said the charges were being contested and his client had pleaded not guilty.

Chisholm said a date for the appeal and the trial had not yet been set.

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