Rod Petricevic
The 66-year-old is serving a six years and 10 months sentence for misleading investors and using company funds to buy a luxury boat, in cases brought by the Financial Markets Authority and Serious Fraud Office.
Petricevic was this afternoon granted release after this third appearance before the Parole Board.
He was the last failed finance company director still in jail.
Bridgecorp collapsed in July 2007 owing about $460 million to 14,500 debenture holders, who were likely to receive less than 10c in the dollar.
