Paul Bublitz, one of the defendants in the case. Photo / Norrie Montgomery.
Prosecutors and the defence are gearing up for the last failed finance company trial, more than a decade after failures began to rock the sector.
A pre-trial conference was held this morning in the Auckland High Court ahead of the 12-week Viaduct Capital and Mutual Finance case beginning next month.
Viaduct and Mutual went into receivership in 2010. At that time, Viaduct owed $7.8 million to investors and Mutual owed $9.3 million.
Some four years after the failures, Paul Bublitz, Bruce McKay and Richard Blackwood - associated with Viaduct and Mutual - were charged with theft by a person in a special relationship, making false statements in a prospectus and making false statements to a trustee.
The Financial Markets Authority, which is prosecuting the case, has also charged Lance Morrison and Peter Chevin - both said to be associated with Mutual only - with theft by a person in a special relationship and making false statements in a prospectus.
