INDEPENDENT NEWS

Second SPGI director pleads guilty to FMA charges

Published: Fri 9 Oct 2015 12:27 PM
Second SPGI director pleads guilty to FMA charges
Company director, Mark Andrew Turnock, has pleaded guilty to a charge brought by the Financial Markets Authority (FMA), relating to his involvement as director of SPG Investment Company No.1 Limited (SPGI).
Mr Turnock appeared in the Auckland High Court today and pleaded guilty to the charge laid under the Financial Reporting Act.
The charge relates to Mr Turnock making false statements in the 2008 and 2009 SPGI financial statements.
Mr Turnock will be sentenced on 24 November 2015. The trial that was scheduled to commence on 12 October 2015, will now not proceed.
Last month, Mr Turnock’s SPGI co-director, Andrew Hrothgar Robinson, also pleaded guilty to FMA charges under the Financial Reporting Act, the Financial Advisers Act and the Financial Service Providers (Registration and Dispute Resolution) Act.
ENDS

Next in New Zealand politics

Concerns Conveyed To China Over Cyber Activity
By: New Zealand Government
GDP Decline Reinforces Government’s Fiscal Plan
By: New Zealand Government
New Zealand Provides Further Humanitarian Support To Gaza And The West Bank
By: New Zealand Government
High Court Judge Appointed
By: New Zealand Government
Parliamentary Network Breached By The PRC
By: New Zealand Government
Tax Cuts Now Even More Irresponsible
By: New Zealand Labour Party
View as: DESKTOP | MOBILE © Scoop Media