The defendants were yesterday further remanded at large by the registrar to a nominal date of Monday, May 28 at 10am for a post- committal conference.
Statements were released for Sullivan and White. Sullivan said he had leave from his law firm until the matter was resolved.
"I acknowledge I am facing charges relating to my role as a director of South Canterbury Finance Ltd. RSM Law has accepted my offer to take a leave of absence during the process which will be reviewed periodically.
"I am innocent of these allegations and they will be vigorously defended. I have nothing to hide but, unfortunately, because of the rules about discussing matters that are before the courts I cannot say anything more other than any wrongdoing on my part is wholly denied.
"I look forward to vindication and moving on with my life," Sullivan's statement said.
Bruce Squire, QC, spoke on behalf of White.
"In line with the other defendants charged Mr Robert White did not seek to extend the suppression order previously made by the court in respect of all defendants in respect of the pending charges against the defendants. The reasons why suppression orders were initially granted by the court no longer applied and as with the other defendants Mr White believed it was appropriate it be known he is one of the five defendants charged.
"Mr White was most disappointed to have been charged with offences arising from the collapse of South Canterbury Finance." He said Mr White denied he had been guilty of any criminal conduct or dishonesty and would defend the charges.
South Canterbury Finance went into receivership on August 31, 2010, owing about $1.8 billion.
Because the company was in the Crown retail deposit guarantee scheme, all its losses have been borne by the Crown and ultimately New Zealand taxpayers.
The 21 charges allege a variety of offences, including theft by a person in a special relationship, obtaining by deception, false statements by the promoter of a company and false accounting.
