"The Companies Office enquiries started and concluded within three weeks. It appears to have been rushed and I suspect that the allegations in the report were substantiated with innuendos and misinformation."
"The impact of statutory management on share value was demonstrated in 2001 when Air New Zealand’s share price fell by 40% in one day after media speculation that statutory managers might be appointed."
"Hubbard’s business acumen was built on integrity – not greed. An illustration of this is the operations of the TeTua Charitable Trust. Through that entity he provided loans with an interest-free period of up to 5-years."
"Hubbard’s business enterprises give an indication of the level of Hubbard’s expertise. That Hubbard was additionally managing one of NZ’s best performing funds in 2010 (as claimed by PriceWaterhouseCoopers) shows that Allan Hubbard was an astute businessman. When he was forced out of SCF in 2010 as a consequence of a management restructure (a condition required by Treasury) the pillar that was the strength of SCF went with him."
"It was recapitalising and had weathered the storms."
"On 20 June 2010... ....South Canterbury Finance was still standing and its good reputation was resulting in strong demand for its interest bearing products"
etc etc
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