13 Feb 2012

All defendants in SCF fraud case named

10:58 am on 13 February 2012

All five defendants charged in the South Canterbury Finance fraud case can now be named.

The remaining two accused who had name suppression did not seek to have the order continued when they appeared in the Timaru District Court on Monday morning.

The men are accused by the Serious Fraud Office over alleged fraud totalling $1.7 billion. South Canterbury Finance collapsed in August 2010.

The two who had name suppression, Robert Alexander White and Edward Oral Sullivan, did not seek to the interim order continued when the case was called.

In January this year, Lachie McLeod, Graeme Brown and Terry Hutton all successfully applied to have their name suppression orders lifted.

Lawyers for Mr Sullivan and Mr White say their clients are innocent of the allegations and will defend the charges.

Mr White's lawyer, Bruce Squire, QC, says he is also concerned about recent statements made by the director of the Serious Fraud Office to the media about the case.

He says the director's comments seemed designed to raise the stakes, which could be prejudicial to the defendants' right to a fair trial before an impartial jury.

None of the accused appeared in court and all were further remanded at large to reappear on 28 May.