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Three Capital + Merchant directors found guilty of fraud charges
Thursday 19th of July 2012
"Thousands of New Zealanders' lives were irrevocably changed for the worse from the collapse of Capital + Merchant," says SFO chief executive Adam Feeley.
"Its failure was as bad as anything which occurred in the industry with $190 million invested in it by approximately 7,000 members of the public. Nothing has been recovered for them, in contrast to most other finance company collapses...
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