DR - Finance companies

Guilty plea but no prison for former Nathans Finance director

Friday 4th of March 2011

The sentence came after Hotchin pleaded guilty to three charges laid by the Securities Commission under Section 58 of the Securities Act 1978.

The charges relate to statements made by Nathan in its registered prospectus and investment statement dated December 13, 2006.

The Commission alleged the statements concerning Nathans' lending to related parties, the quality of its loan boo...

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