Former prime minister Jenny Shipley spent a fourth day in the witness stand in the High Court in Auckland. In a perfect world Mainzeal would have been recapitalised with an injection of cash in 2010, former prime minister Dame Jenny Shipley said during her fourth day in the witness box at the High Court in Auckland. READ MORE:* Mainzeal director Dame Jenny Shipley combative under day-long cross examination* Shipley rejects Mainzeal insolvency claims at Auckland High Court* Dame Jenny Shipley gives evidence in Mainzeal High Court trial* Former Mainzeal director Dame Jenny Shipley defending 'reckless trading' allegations* Mainzeal creditors could have been $40m better off, forensic accountant says* Jenny Shipley was a conscientious Mainzeal director, defence saysThe liquidators allege Mainzeal creditors would have been better off if the construction company had been put into receivership either in 2008, or in early 2011. STUFF Dame Jenny Shipley and fellow Mainzeal directors are defending a claim of up to $75m in damages brought by the company's liquidators in the High Court in Auckland. After the collapse of Mainzeal, Shipley wrote to John Walker, the chairman of Richina Pacific, to ask him to ensure that it would pay its debts to Mainzeal, O'Brien said.

Source: Stuff October 16, 2018 04:07 UTC