Originally Posted by
Enumerate
Statutory Management for Allan Hubbard followed by complete examination of all his affairs by the SFO; culminating in over 50 charges.
Looks like Aorangi investors will get their money back.
Losses look likely in HWM - mainly due to the Pike River collapse. (The miners lives and the Pike capital gone ... because of government regulation and the Resource Management Act leading to a stupid mine design. At least the snails are safe).
Where was Statutory Management for Breyers, Hotchin, Watson, Petricevic? These guys really knew how to lose serious money - but clearly avoiding these losses was not in the public interest.
Who, really, should be facing charges ...