Finance company incorporated on 18 Janurary 2002. It offered property and investment loans, and accepting deposits from the public. Placed into receivership 23 November 2007 owing 7500 investors around $167 million. Investigated by the Serious Fraud Office in 2010 resulting in charging of three company directors for theft. On 31 August 2012, Neal Nicholls, Wayne Douglas and Owen Tallentire were found guilty and jailed for seven and a half years and five year periods.
Capital & Merchant Finance Ltd
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Evans, Malcolm Paul, 1945- :"While the Board regrets that yet another director has been...
Date: 2012
From: Evans, Malcolm Paul, 1945- :Digital cartoons
By: Press (Christchurch, N.Z.)
Reference: DCDL-0022656
Description: Cartoon in two panels. The first shows a couple of dignified businessmen. One of them says that while the Board regrets that yet another director has been sent to prison. In the second panel the two are in a prison cell with two other men. The man concludes '... we're delighted to again have a quorum!' Context: Neal Nicholls, Wayne Douglas and Owen Tallentire, Directors of Capital + Merchant Finance, were jailed for fraud, adding to the number of other finance companies which have been involved in fraud cases recently (National Business Review 2 Nov 2012). Colour and black and white versions available Quantity: 2 digital cartoon(s).