Big day in South Canterbury Finance saga

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Mon, 13 Feb 2012 7:00p.m.

Alan Hubbard

Alan Hubbard

It has been an extraordinary day in the South Canterbury Finance saga.

We now know the identity of all five men charged in connection with what police are effectively alleging is the biggest corporate fraud in New Zealand history. $1.7 billion worth of transactions in total.

Name suppression was lifted in Timaru.

South Canterbury Finance fraud five named 

Meanwhile, in Dunedin Andrew Earle was being charged with careless driving causing the death of Alan Hubbard – the founder and face of South Canterbury Finance.

Alan Hubbard too was facing charges in respect of the collapse of SCF, but he died when a car driven by his wife collided with a ute just outside Oamaru.

Today, the driver of that ute was charged in connection with that crash.

Reporter Tristram Clayton has been the only reporter to talk with 40-year-old Earle.

Watch the full video

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Comments

15 Feb 2012 04:42p.m.

Mike wrote:

Firstly,it is not the police that are making the allegations, it is the Serious Fraud Office. Secondly, Carlos, you would have them all thrown in jail before they have even had a chance to answer the ALLEGATIONS??? Not sure what happened to the entitlement to remain innocent until proven guilty, but many NZers seem to have trouble remembering that! At least one of these men has more honesty and integrity in his little finger than Feeley has accumulated in a lifetime, and is innocent of all charges. Trust me, I KNOW! Let's just wait to hear the evidence before we judge, eh?

14 Feb 2012 11:32p.m.

Amanda wrote:

Mr Hubbard was not facing charges re the collapse of SCF - his charges were associated with his other companies as he died before anyone was charged re SCF... please get your facts right. Also Mr Earl was travelling a very long way after working hard (rumour has it he fell asleep at the wheel) whereas Mrs Hubbard had only been driving for 5 minutes.

14 Feb 2012 09:02a.m.

Carlos wrote:

Lock them all up !