Hubbard's death will end fraud investigation

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Sat, 03 Sep 2011 6:04p.m.

Mr hubbard's lawyer says the 50 charges laid against him by the Serious Fraud Office will be stayed by the court

Mr hubbard's lawyer says the 50 charges laid against him by the Serious Fraud Office will be stayed by the court

Deceased Timaru financier, Allan Hubbard, will be presumed innocent of the serious fraud charges laid against him.

The 83-year-old died in a head-on collision on Friday - his wife Jean had been driving and suffered multiple fractures.

Mr Hubbard's lawyer, Mike Heron, says the 50 charges laid against him by the Serious Fraud Office will now be formally stayed by the court.

He says the investigations into his business will cease, as will the allegations.

Meanwhile, tributes are continuing to pour in for Allan Hubbard.
 
Labour's candidate for Rangitata, Julian Blanchard, says it's not just the Timaru region that's benefitted from the Hubbards' goodwill.
 
"The whole country really has benefitted from his generosity and goodwill and regardless of what happens now I hope history will remember Allan for all the good things him and Jean have done."
 
Mr Blanchard says one of the many groups Mr Hubbard loyally supported was local rugby.

- RadioLive

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Comments

06 Sep 2011 12:51p.m.

Auklanders wrote:

I don't really care what he did or did not do for the community or charity work. I just look at the facts and the acts to determine what type of the person he is. I don't think he is a great man at heart like other blinded people said. If he really a good person at heart he should not take millions and millions of mum and dad investors savings money. Killing himself is not a solution but face up to his frauds is the one a real man should do. Bow's about his estate and family trust. I am sure millions of dollars is hidden there. What's a crook!

05 Sep 2011 02:56a.m.

Geranium wrote:

I don't get it. Case closed? Either NZ has become China or the SFO is pulling our leg.

04 Sep 2011 08:43p.m.

gale wrote:

corruption is rife in this country i dont mean mr hunnard but these finance companys , notice the wealthy get their money the mums and dads investors get 10 cents in the doller . SOMETHING HAS TO CHANGE IN NZ HOW FINANCE COMPANYS OPERATE THEY DONT HAVE THEM REALY IN AUSTRALIA BECOUSE OF THIS KIND OF THING . I DONT BELEAVE MR HUBBARD HAS DONE ANY WRONG I THING OTHERS IN THE COMPANY WERE CORRUPT . WE WILL NEVER KNOW BECOUSE A SECRET HANDSHAKE HERE AND THERE AND THE BENCH LOOKS AFTER THEM .

04 Sep 2011 06:51p.m.

jan.. wrote:

Sorry old timer, you supposed to raise your generous offer and not the other way as I was looking forward to gamble your millions away..
Thank you for your generous offer millionaire and may god guide you through heaven's angles with rest in peace without frauds and court proceeding..
Our hearts reaches out for your Jean, no worries old man, let go of your millions and R I P..

04 Sep 2011 01:09p.m.

sue wrote:

A man who was much loved by the community he gave so much to. A permanent remembrance page has been gifted at A Memory Tree www.amemorytree.co.nz for anyone to leave messages and share fond memories

04 Sep 2011 12:38p.m.

truth should come out wrote:

It is very sad that Alan Hubbard has died so tragically but I find it astonishing that so many defend him against fraud without knowing the full facts. Im sure if people had lost money like many others not being protected by the governments scheme that more would be more critical of his accounting practices. Alan Hubbard having peoples best interests at heart and not living lavishly does not excuse that he was arrogant and delusional in regards to his accounting and business methods. It a shame that the full story will now not come out - to either clear his name or not.

04 Sep 2011 10:14a.m.

doug wrote:

I got the stong impression he was very generous with other peoples money

04 Sep 2011 09:47a.m.

notconvinced wrote:

hubbards sudden death should not represent, or justify, a free get out of jail card, for himself, or anyone facing financial fraud, and criminal charges, against the past, present and future tax-paying residents of nz. what ever he and his lawyer,had planned for his defence, should still be seen to be accountable, in a court of law,, after all he was ADAMANT, that he COULD clear himself of defrauding nz taxpers of a billion dollars or more. HIS sudden DEATH should change nothing with regards to the charges he faces before court. hubbard may be dead, but his estate is not.

03 Sep 2011 09:16p.m.

hote wrote:

sad day ....what a great man to be no more?
stuff da frauad sqad,cause it was not a case
to go on,wot a joke sfo,look into yourselfs,,,
and spend time wit your family,cause one day you mite be in da same boatm,,,,,,,,,,,,,,,

03 Sep 2011 08:43p.m.

christina smaill wrote:

A man of great integrity who has helped so many people deserved more respect and will be sadly missed.R I P