Legal wait delays SFO's Hubbard ruling

Allan Hubbard. Photo / Supplied

The Serious Fraud Office will not decide whether to proceed with charges against Allan Hubbard until at least mid-February, says chief executive Adam Feeley.

Last month the SFO granted Hubbard's lawyers Russell McVeagh more time to produce further information relevant to the office's investigation into Hubbard's Aorangi Securities.

Yesterday Feeley told the Herald that information was not now expected until early February.

It would likely take at least a couple of weeks for the SFO to consider that information before deciding whether to proceed with the case.

The SFO initiated an investigation into Aorangi Securities and other entities associated with Hubbard and his wife when they were placed under statutory management in June last year.

Hubbard, the former linchpin of failed South Canterbury Finance, continues to deny any criminal wrongdoing in relation to Aorangi.