“..Two former Capital + Merchant Finance directors have been sentenced to 7 years in prison – the longest jail terms imposed on failed finance company bosses.
Wayne Leslie Douglas and Neal Medhurst Nicholls – with Owen Francis Tallentire – loaned investor money for their own benefit in ways that breached Capital + Merchant’s trust deed.
Douglas, Nicholls and Tallentire jointly faced three charges of theft by a person in a special relationship for a series of loans totalling almost $20 million…”
(cont..)
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‘Self-interest and greed’ earn record jail terms for directors – Business – NZ Herald News.
