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Also yesterday, a formal business connection claimed by the group to exist between Mr Botherway and Christchurch businessman George Kerr was revealed to have ended in December 2004, when Mr Kerr resigned as a director of Brooke Asset Management.
Information on the New Zealand Companies Office website shows Mr Botherway resigned as a director in July 2008 and that Brooke Asset Management is now owned by Macquarie Investment Management Ltd. The Securities Commission in June recommended Aorangi Securities, seven charitable Trusts and Mr and Mrs Hubbard be placed in statutory management, but it was several days later that Mr Botherway revealed that last year businesses owned by his brother, Jonathan, had been placed in receivership by South Canterbury Finance (SCF), owing $7.8 million. The Stand By Hubbard campaigners accuse Mr Botherway of having a conflict of interest as a result, a claim that appeared to have some substance when the Office of the Ombudsmen earlier this month agreed to an investigation. |
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