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CBL chair ‘didn’t have control’, court hears

Former RBNZ acting governor Grant Spencer gives evidence in fraud trial of insurer’s former managing director and CFO.

Former acting Reserve Bank governor Grant Spencer.

Tim Hunter Wed, 03 May 2023

A promise by CBL chair Sir John Wells that the company’s breach of Reserve Bank directions would not happen again cut little ice with the insurance regulator, the High Court has heard.

Giving evidence in the fraud trial of CBL managing director Peter Harris and CFO Carden Mulholland, then RBNZ

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Tim Hunter Wed, 03 May 2023
Contact the Writer: thunter@nbr.co.nz
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CBL chair ‘didn’t have control’, court hears
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