17 Aug 2012

Bridgecorp's Roest jailed another three months

11:02 pm on 17 August 2012

Former Bridgecorp financial controller Robert Roest has been sentenced to another three months in prison after admitting further charges in the Auckland District Court on Friday.

The charges brought by the Serious Fraud Office relate to the fraudulent acquisition and financing of a luxury launch, acquired using Bridgecorp funds totalling $3.5 million.

He also faced charges brought by the Inland Revenue Department.

Roest is already serving a six-and-a-half-year jail sentence following a successful prosecution by the Financial Markets Authority.

He is appealing against that conviction and sentence.

Bridgecorp collapsed in 2007 owing more $459 million to 14,500 investors.