20 Jan 2012

South Canterbury Finance pair named

5:19 pm on 20 January 2012

Two of the five men charged in relation to the South Canterbury Finance fraud case have successfully applied to have their name suppression orders lifted.

Graeme Brown and Terrence Hutton on Friday applied to the Timaru District Court to allow their names to be revealed.

The Serious Fraud Office is prosecuting five people over alleged fraud totalling $1.7 billion of South Canterbury Finance.

In a statement, Mr Brown's lawyer Richard Raymond said speculation and rumour had been rife in Timaru about the defendants.

Mr Brown was the chief financial officer for South Canterbury Finance for about three-and-a-half years until he resigned in January 2010. He faces one charge of false accounting.

Mr Raymond says Mr Brown is strongly defending the charge.

Mr Hutton faces two charges of false accounting. His lawyer Jonathan Eaton says his client would be vigourously denying the charges.