Huljich KiwiSaver court case delayed

Peter Huljich
File photo
Peter Huljich File photo

The Financial Markets Authority case against Huljich Wealth Management and its director Peter Huljich has been adjourned until next month.

Huljich and Huljich Wealth Management face allegations they misled investors by misrepresenting the performance of the company's KiwiSaver scheme in offer documents.

Huljich was not in the Auckland District Court today and has not yet formally entered a plea, but is expected to do so at his next court appearance on September 21.

The criminal charges were brought by the Financial Markets Authority (FMA) - formerly the Securities Commission last November.

If convicted Huljich faces a maximum of three months' imprisonment or a $300,000 fine.

He resigned as a director of Huljich Wealth Management on March 4, 2010.


© Copyright 2014, APN New Zealand Limited

Assembled by: (static) on red akl_n6 at 17 Sep 2014 22:25:18 Processing Time: 435ms