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Third person charged by SFO in case over failed insurance company CBL
17 Mar, 2021 04:30 AM
2 minutes to read
The firm s former chief executive Peter Harris faces several charges but has welcomed the CBL saga being brought before the courts. Photo / Dean Purcell
A third person has been charged by the Serious Fraud Office (SFO) after the collapse of insurance company CBL.
The firm s former chief executive Peter Harris and former chief financial officer Carden Mulholland have already been facing criminal charges for more than a year.
They had their case called in the High Court at Auckland this morning before Justice Sally Fitzgerald for what was expected to be a largely procedural hearing.
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Wells Fargo & Co. has asked that a U.S. Bankruptcy Court judge terminate the Chapter 11 protection case of CBL Properties, claiming the shopping center operator has violated repayment agreements