24 Jun 2010

Fresh charges laid against two Bridgecorp directors

8:00 am on 24 June 2010

Two directors of failed finance company Bridgecorp have pleaded not guilty to eight new charges under the Crimes Act and the Companies Act.

The company collapsed in 2007 owing investors more than $450 million.

Directors Rod Petricevic and Robert Roest appeared at the High Court in Auckland on Wednesday.

Six of the new charges, laid under the Crimes Act, claim the pair made false statements to induce people to invest with the company.

Two Companies Act charges state the men made a false statement to a trustee of the company.

The charges are in addition to the 10 Securities Act charges faced by all five directors.

A trial for the directors is set down for next year.

Mr Petricevic and Mr Roest are also facing fraud charges laid by the Serious Fraud Office.