05:36 Police in 3 British regions are investigating allegations of historical child sexual abuse against late former prime minister Edward Heath

04:58 More than 20 fire fighters have battled a blaze at Auckland's Sandringham Road Laundromat that broke out just before three this morning

04:54 A 10 wicket win for the Black Caps in the second ODI in Harare - the NZers chasing down the 235 for nine target set by Zimbabwe

04:28 Fonterra's fortnightly auction has been another disaster for dairy farmers - prices plunged 9.3% .... the tenth consecutive fall

04:25 WEATHER: AKL: Rain, heavy falls, NE strengthens, 15 - WGTN: Cloud increases, rain, 13 - CHCH: Fine and frosty, 12 - DUN: Fine and frosty, 12

Fri, 20 Jul 2012

Convicted Capital and Merchant executives cynical

interest.co.nz boss Bernard Hickey tells RadioLIVE's Marcus Lush Directors of Capital and Merchant look set to be jailed after being convicted of charges relating to the collapse of the finance company owing 7,500 investors NZ$167 million. The SFO said Capital and Merchant was as bad as anything in the collapse of finance companies and involves directors making deeply cynical claims and opaque statements that allowed them to put money in places investors didn't expect.

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