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Fraud trial of CBL pair opens with not guilty pleas

Court hears insurer contravened RBNZ orders and structured a deal through Samoa to avoid regulatory scrutiny.

CBL's Peter Harris and Carden Mulholland were each represented by four lawyers at the High Court this morning.

Tim Hunter Mon, 17 Apr 2023

Five years after the collapse of NZX-listed insurer CBL with losses for shareholders of $747 million, the fraud trial of its managing director Peter Harris and chief financial officer Carden Mulholland got off to a slow start at the High Court this morning.

With 11 lawyers attending court in three

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Tim Hunter Mon, 17 Apr 2023
Contact the Writer: thunter@nbr.co.nz
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Fraud trial of CBL pair opens with not guilty pleas
Law,
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