Expert witness to take the stand
The South Canterbury Finance (SCF) trial has come back to life, with a Treasury inspector and expert witness on the stand today as the Crown case draws to a close.
The trial, of former directors Edward Sullivan and Robert White and former chief executive Lachie McLeod, is being heard by Justice Paul Heath in the High Court at Timaru.
The trio face a combined 18 charges laid by the Serious Fraud Office (SFO). The trial began on March 12.
Grant Graham will be called today. He is a partner at Korda Mentha and was engaged by the SFO as an expert witness.
The accused had asked for additional invoices and correspondence, and records from the SFO in relation to Graham's work carried out in the investigation into SCF, but this was declined.
Alongside working for the SFO investigating SCF, Graham acted as an inspector for Treasury in relation to the Government's retail deposit guarantee scheme.
After adjourning last week, Byron Pearson, a partner from Woodnorth Joyce, which audited SCF's books, was back on the stand yesterday afternoon. His cross examination was finished by Sullivan's lawyer, Marc Corlett, who questioned him on impairment provisioning at SCF.
The Crown is slowly winding its way through its last witnesses, which is expected to take until the end of this week.
The Timaru Herald