Kelly Tonkin, 52, was coming to court to plead guilty to Serious Fraud Office charges he had cooked the books of his international investment fund. READ MORE:* Serious Fraud Office charges Christchurch finance whiz with fraud and forgery* Serious Fraud Office investigating Christchurch-based financial service companyThe father and son walked slowly up the footpath, Tonkin keeping pace with the slow gait of his Dad. His international investment fund, apparently worth hundreds of millions of dollars, was a disaster. In 2004, he set up the Penrich Global Macro Fund, to be run by his UK company, Penrich Capital UK, and a New Zealand company, Penrich Capital. A summary of facts prepared by the Serious Fraud Office has yet to be released by the court.

Source: Stuff August 06, 2021 17:00 UTC