Bullion man escapes charges

00:01, Oct 01 2012

A former Hamilton man who hid treasure in secret bunkers in his home will not face perjury charges. 

Psychiatrist Alan Geraint Simpson, originally from Britain, hid a $3.5 million fortune from authorities, most of it in safes and secret passages throughout his Ann St home.

In a legal-world first, Kiwi insolvency investigators traced "a truckload of gold and silver", money in overseas accounts and other cash hidden under an alias. 

A decision has been pending from the police legal team over whether Dr Simpson misled the court over the ownership of $2.3 million in bullion and the false name used to hide it. 

Waikato police detective Simon Eckersley told the Waikato Times this morning that after weighing up their case police had decided the perjury prosecution would not proceed. 

The search of Dr Simpson's house for hidden assets was approved by a High Court Judge. Official Assignee Les Currie and his team,  working with police found gold, silver and coins inside bunkers and hidden safes.


A second search uncovered the bunkers.

In the end, more than $2 million in gold and silver was found, along with $37,500 in cash and $1 million in overseas accounts. 

Asking for a perjury investigation, the judge had said: "Mr Simpson denied [on oath] that the items seized were his."

Dr Simpson left Hamilton this year with about $1 million, moving to Auckland.

It has been reported that Dr Simpson had returned to Britain.

Waikato Times