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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