27 Sep 2010

Businessman admits false loan applications

3:16 pm on 27 September 2010

A Wellington businessman who made false loan applications in the names of his clients has admitted conspiring to use documents for pecuniary advantage.

Alan Wycherley has been on trial on 25 charges of fraudulently using documents, along with the conspiracy charge.

The Crown withdrew those charges on Monday after receiving a sentencing indication from the trial judge.

Details of those charges are now included in the conspiracy charge.

Wycherley also admitted nine charges of running a company when he was banned from being a company director because of an earlier bankruptcy, and two of making a false statement.

He was remanded on bail for sentencing in November.