The Star: September 28, 2017

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6 Thursday September 28 2017 Latest Christchurch news at www.star.kiwi MEGA DEAL The Star $ 7 99 EACH Jobmate Jetnozzle 7 Function Gun 238237 238238 Yates Weed & Feed 4L, covers 260m 2 138437 SPRING INTO SPRING $ 24 90 Number 8 $ 9 99 Blood & Bone 5kg 243539 Patio Planter Flowering 30cm 188609 $ 10 98 EACH Simply Hedging $6.97 each, 1 Litre 152936, 152659 10 FOR $ 60 $ 99 Worm Farm 215407 $ 12 98 Tui Lawn Preparation Mix 40L 141841 Jack & Jill New Carmel 304287 $ 299 Canzo 4 Piece Wicker Setting 304221 $ 1699 Contempo 4 Piece Sectional Setting 248421 $ 1499 Nouveau 3 Burner BBQ With wooden trays 289049 Gas bottle not included. Assembly required. $ 399 Maestro 4 Burner BBQ Hooded 248607 Gas bottle not included. Assembly required. $ 799 $ 119 Umbrella 2.7m 248044, 248043 CS270917 Available from Thursday 28th September to Wednesday 4th October 2017 while stocks last. Mitre10 MEGA Hornby Ph: 349 8497 Mitre10 MEGA Papanui Ph: 359 5443 *If you find a lower price on an identical stocked product locally we will beat it by 15% Mitre10 MEGA Ferrymead Ph: 366 6306 Mitre10 Beckenham Ph: 332 7557 *If you find the same product cheaper from another Mitre 10 store or Mitre 10 website we’ll match that price. Excludes trade and special quotes, stock liquidations and commercial quantities. The in-store price may be lower than that advertised.
The Star Latest Christchurch news at www.star.kiwi Thursday September 28 2017 7 News Bank sues ex-wife of fraudster WESTPAC NEW Zealand is suing the ex-wife of convicted Lane Walker Rudkin fraudster Ken Anderson for being a party to the fraud and is seeking damages of $50.8 million. The lender claims Patricia Anderson either defrauded it, or was part of a conspiracy to defraud it, by signing documents she knew were false in securing a $2.5 million letter of credit facility, which masked the financial strain the clothing manufacturer was under. She sought a number of interlocutory orders for the lender to amend its claim for further and better particulars. Associate Judge Rob Osborne granted some of Anderson’s requests and dismissed others in a recently published September 12 judgement in the High Court in Christchurch. Westpac was left out of pocket since it tipped Lane Walker Rudkin into receivership in April 2009, recovering $41 million of the $130 million owed at the time. It first served the claim on Anderson in mid-2016, the judgement shows. Patricia and Ken Anderson were signatories and guarantors to the lender’s offer of credit for Lane Walker Rudkin in 2001, and Westpac claims they said they were accountants, the judgement said. The couple split up in 2005, and a year later her guarantee from the original offer of credit expired. Westpac claims Lane Walker Rudkin began facing financial problems from 2004 and had a shortfall in working capital which managers and Patricia Anderson tried to bridge with the letter of credit facility, which the judgement dubs the LOC fraud. The bank claims the use of the facility was dishonest because “invoices for fictitious stock were created to enable funds to be drawn down” and that Anderson was executing documents she knew were false, the judgement said. The company was more than a century old and employed hundreds of people who lost their jobs. “The plaintiff alleges that if it had been aware of the financial difficulties, the fact that the Andersons were not accountants and the LOC fraud, it would neither have released the defendant from her guarantee nor increased its lending to Lane Walker Rudkin Industries and the LWR Group,” the judgement said. “Further, as a result of the LOC fraud, its losses amount to approximately $50.8 million.” If Patricia Anderson didn’t deceive the bank, it claims that she conspired and combined with management to perpetrate the fraud, leading to the $50.8 million of losses. Lane Walker Rudkin’s former owner Ken Anderson pleaded guilty to four fraud charges in 2013, where he made false statements to secure lending from Westpac, and sentenced to six years imprisonment. He was granted parole in January last year. The Serious Fraud Office initially laid 82 charges against Ken Anderson in 2011 before his guilty plea, saying at the time the fraud “had a profound effect on the region, with LWR having employed many staff and enjoyed an international reputation.” – NZ Herald Local News Now • By Bridget Rutherford Fire rages, homes at risk No permanent alcohol ban around stadium A PERMANENT alcohol ban will not be put in place around AMI Stadium and Horncastle Arena. The Spreydon-Cashmere Community Board has decided not to recommend a permanent ban to city council staff because it was not justified. It comes after Vbase, which runs both facilities, requested one to stop people “pre-loading” in the car parks before events, and to curb intoxication, assaults and lewd behaviour. Vbase general manager Darren Burden said they were “very disappointed” with the community board’s decision. He said Vbase was trying to be proactive. A security guard at a Broods concert at Horncastle was assaulted in July last year, receiving minor injuries, which was one of the reasons Vbase wanted the ban. It wanted it to cover the same area as the temporary ban does during New Zealand Trotting Cup Day, which is bordered by Lincoln Rd, Moorhouse Ave, Blenheim Rd, Matipo St and Wrights Rd. HA V E YO UR Have you checked your underfloor repairs? This is the sort of ‘repair’ we are finding. S AY If you care about the environment around you – Canterbury’s air, water and land - have your say in how it is managed. To help guide the development of Environment Canterbury’s long-term plan take our quick online survey at www.ecan.govt.nz/haveyoursay We will go under your house and give you peace of mind for free. NO WIN NO FEE Ph: 03 377 8855 | 127 Ferry Road, Christchurch City E: reception@earthquakeservices.co.nz | W: www.earthquakeservices.co.nz
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The Star: September 28, 2017

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