Home detention or holiday detention?

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Home detention or holiday detention?

3News NZ

Peter Steigrad

Peter Steigrad

Back in April four men were convicted and sentenced for their parts in the collapse of Bridgecorp Holdings.

The company went into receivership owing hundreds of millions to some 14,500 investors.

Peter Steigrad was one of those directors found guilty of making untrue statements in an investment prospectus.

In April this year they were sentenced – three of them to jail and one, Steigrad, to home detention.

But today, four months into their sentences, the Court of Appeal discovered Steigrad is not at home. He's in Europe enjoying the summer and his daughter's wedding.

Watch the video for Tristram Clayton’s report.

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Comments

23/08/2012 7:02:36 p.m.

Radek wrote:

Mo' money No problems!!!!!

23/08/2012 3:10:38 p.m.

Greg wrote:

What about the banks who helped facillitate all these investment crimes, they manage to keep the property inflated prices on mortgages. Theres a reason why property values never drop in NZ after property markets bubbles burst. Unlike in the US where they have dropped half of there value. Theres something sseriously corrupt with our financial system. Who said crime doesnt pay, he was a liar.

23/08/2012 2:11:54 p.m.

Heather wrote:

How come he still had a Passport?! - shouldn't a convicted criminal have that confiscated when convicted??!!

23/08/2012 2:09:53 p.m.

Timbo wrote:

No way in hell should this guy get a trip out of the country on home detention. Hell if I was given that chance with his money I just wouldn't come back lol.

23/08/2012 10:27:22 a.m.

fmacskasy.wordpress.com wrote:

Meanwhile, the rest of us don't have a choice whether or not we fulfill any Court-imposed sentences...

23/08/2012 9:16:56 a.m.

Tui wrote:

Absolutely no consistency in our Justice system. Hearing some of the feed back on telly last night "ooh but its his daughters wedding" and WHAT! for goodness sake go have a fat one! WHAT! Do the crime..do the time..ya think!! not even!!

23/08/2012 8:11:56 a.m.

Joseph wrote:

Proof that corruption is alive and well here in NZ. When one is a rich bastard with a lot of rich bastard friends everything seams to work out just fine.

23/08/2012 7:23:45 a.m.

alison wrote:

This is just so wrong on so many levels. another one for the policy makers. Give it to Hekia Parata since shes bored and wont stop tinkering for the bad of all.

23/08/2012 5:59:36 a.m.

Debs wrote:

As odious as these men are, it is unfair to use a picture of Petricivec to depict his fellow convict Steigrad.

23/08/2012 12:19:53 a.m.

Mike wrote:

Crims get home detention all the time.

And crims get to go to family things like weddings and other whanau stuff.

We need the judges who preside over the cases to come down harder for all crims, including those claiming everything is a 'US conspiracy' to avoid justice.

Then again we have other crims claiming their is nothing wrong with having illegal firarms and are appealing their conviction. They have already stated they want their illegal firearms back, as maybe when they get out they will have some local holdup or bank robbery to commit with the illegal firearms?