Bridgecorp founder Rod Petricevic
Two new charges were laid against Bridgecorp executive
director Rod Petricevic in Auckland District Court today.
Petricevic and fellow director Robert Roest were accused
under the Securities Act with signing a false prospectus and
a mis-statement in an advertisement.
They previously faced another two charges under the
Securities Act and one under the Companies Act.
Crown solicitor Mark Woolford said outside the court the new
charges related to a default payment of principal and
interest to investors.
He said while the previous charges carried a fine, the new
charges carried a maximum penalty of five years imprisonment.
The pair were remanded on bail to reappear in court on
October 21.
Bridgecorp collapsed last year owing 14,500 investors almost
$460 million.
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