By Tony Field
Former Bridgecorp managing director Rod Petrecevic has apologised to the 14,500 investors who lost money when the company collapsed.
Bridgecorp collapsed in 2007 owing $459 million.
Petricevic, Robert Roost and Peter Steigrad are accused of making untrue statements in investment documents.
It's been more than four-and-a-half years since Bridgecorp collapsed, and in that time Petricevic has not said anything publicly to his investors, but this morning offered an apology.
"I would just like to take this opportunity to extend an apology to all investors for the grief and for the losses they have been conflicted (sic) with," says Petricevic.
"I believe we did everything, particularly in my instance, to run the company properly."
Since offering the apology, Petrecivic has taken questions about his role at Bridgecorp. He was the managing director, but was not involved in the day-to-day running of the company.
"I'm an entrepreneur, not an accountant," he says, saying it was his role to look for new business and grow the company.
He says he didn't know about any missed payments until legal proceedings began against him.
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