Scoop has an Ethical Paywall
Guilty plea in LWR fraud
14 October 2013
Guilty plea in LWR fraud
Kenneth James Anderson (66) has entered guilty pleas in the Christchurch District Court today to charges laid by the Serious Fraud Office (SFO). The charges arose out of the collapse of Canterbury clothing manufacturer, Lane Walker Rudkin Industries (LWR) in 2009.
Mr Anderson was the director of LWR. He pled guilty to three representative charges brought under the Crimes Act of dishonestly using a document. The charges relate to provision of false financial statements which were used to obtain and retain lending facilities from Westpac New Zealand Limited (Westpac).
He also pled guilty to a further representative charge relating to the use of false documentation to obtain funds under a letter of credit facility provided by Westpac.
Mr Anderson and another individual were charged in July 2011.
SFO Acting Director, Simon McArley, said that Mr Anderson’s actions had a profound effect on the region at the time.
“LWR employed many staff and enjoyed an international reputation. The scale and impact of Mr Anderson’s fraud was extensive. SFO are pleased to bring some closure to his involvement in this investigation,” he said.
The remaining defendant continues to face charges and a trial commenced in the Christchurch District Court today.
ENDS
Gordon Campbell: On What’s Wrong With The Treaty Principles Bill
NZ National Party: National Acknowledges The Passing Of Hon Nikki Kaye
Mana Mokopuna: Children And Young People Share Vital Insights On Healing From Family Violence And Sexual Violence In New Report
NZ Government: PM Marks One Year In Government
Helen Clark Foundation: Helen Clark Foundation Calls For Political Action To Reduce The Prevalence Of Junk Food And Improve Health Outcomes
Justice Committee: Further Decisions About Submissions Process For The Principles Of The Treaty Of Waitangi Bill
Infrastructure New Zealand: Single Agency Needed To Coordinate Climate Adaptation And Recovery
