High Court judge Kit Toogood sentenced financier Paul Bublitz on Wednesday to concurrent jail terms of 3 years & 2 months on 6 charges related to using finance companies to try to save other businesses during the global financial crisis.
High Court judge Francis Cooke has upheld claims of reckless trading made against 4 former directors of Mainzeal Property & Construction Ltd, which went into liquidation in February 2013.
Property developer Leonard John Ross (52) & Michael James Wehipeihana (46), a small shareholder in Mr Ross’s company that built the Waldorf Celestion apartments hotel in downtown Auckland, were both jailed for over 4 years today for fraudulently obtaining a $41-million development loan for the project.
The Government has lost a court case over the Ministry of Primary Industries’ decision to seize & destroy over 47,000 fruit trees without compensation.
An Auckland High Court jury yesterday found the owner of Waldorf Celestion apartment hotel developer Emily Projects Ltd, Leonard Ross, and a small shareholder & representative of it, Michael Wehipeihana, guilty of fraudulently obtaining a large bank loan to build the downtown Auckland block.
Justice Mathew Downs has ordered Hawkins Construction to pay $13.4 million + gst for remediation of a Botany high school which opened only in 2004.